Oppenheimer began coverage on shares of Global Blue Group (NYSE:GB – Free Report) in a research report report published on Thursday, Marketbeat reports. The firm issued an outperform rating and a $6.00 price target on the stock.
Global Blue Group Stock Up 3.6 %
NYSE:GB opened at $5.49 on Thursday. The company’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.05. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. Global Blue Group has a fifty-two week low of $4.10 and a fifty-two week high of $5.94. The stock has a market capitalization of $1.04 billion, a P/E ratio of 39.21 and a beta of 0.43.
Global Blue Group (NYSE:GB – Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, equities analysts anticipate that Global Blue Group will post 0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Global Blue Group
About Global Blue Group
Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).
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