10th Jun 2021. 11.11am
Regency View:
TAKE PROFITS – GB Group (GBG)
Regency View:
GB Group (GBG) – Close at 901p
We’re continuing with our portfolio spring clean and GB Group’s valuation has put it on the chopping block…
The identity protection firm is trading on a forward price earnings multiple of 46.6 – one of the highest in its peer group. And given that earnings growth is in negative territory, GBG is a stock that could be punished if we see a strong pullback in the market.
With this in mind, we are going to take profits.
Gross Profit = +48%
GBG Daily Candle Chart
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