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Global Business Travel Group, Inc. (NYSE:GBTG – Get Rating) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8.68.
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Several research firms recently commented on GBTG. Evercore ISI began coverage on shares of Global Business Travel Group in a report on Wednesday, December 21st. They set an “outperform” rating and a $8.00 target price on the stock. Morgan Stanley lowered their price target on shares of Global Business Travel Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, March 10th. Citigroup upped their target price on shares of Global Business Travel Group from $6.50 to $7.50 in a research note on Sunday, March 12th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $9.00 price objective on shares of Global Business Travel Group in a report on Friday, March 10th.
Global Business Travel Group Stock Down 2.1 %
Global Business Travel Group stock opened at $6.47 on Friday. Global Business Travel Group has a twelve month low of $4.26 and a twelve month high of $10.01. The firm has a 50 day moving average price of $6.91 and a 200-day moving average price of $6.19. The company has a market capitalization of $2.99 billion, a P/E ratio of -10.61 and a beta of 0.31. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.89.
Institutional Trading of Global Business Travel Group
Several institutional investors and hedge funds have recently bought and sold shares of GBTG. Credit Suisse AG purchased a new stake in shares of Global Business Travel Group during the second quarter worth $69,000. Cowen AND Company LLC purchased a new stake in Global Business Travel Group during the fourth quarter worth about $77,000. Virtu Financial LLC purchased a new stake in shares of Global Business Travel Group during the second quarter worth approximately $80,000. Wulff Hansen & CO. purchased a new position in Global Business Travel Group in the third quarter valued at approximately $77,000. Finally, Parallax Volatility Advisers L.P. acquired a new stake in shares of Global Business Travel Group in the fourth quarter valued at approximately $120,000. 15.91% of the stock is currently owned by institutional investors and hedge funds.
About Global Business Travel Group
Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States of America and internationally. The company’s platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers including airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.
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