Peel Hunt Limited Reiterates GB Group (GBGPF) Add Recommendation

Peel Hunt Limited reiterated an "Add" recommendation for GB Group (OTCPK:GBGPF), setting an average one-year price target of $13.82/share, which suggests a substantial 252.59% upside from its recent closing price of $3.92. This optimistic outlook is supported by projected annual revenue of $339MM, a 20.07% increase, and $0.22 non-GAAP EPS. Institutional interest is also growing, with the number of funds holding positions increasing by 2.63% and total institutional shares owned rising 12.11% in the last quarter.

Analysis

Peel Hunt Limited reiterated an "Add" recommendation for GB Group (OTCPK:GBGPF) on October 16, 2025, with an average one-year price target of $13.82/share as of March 27, 2023. This target implies a substantial 252.59% upside from the latest reported closing price of $3.92/share, indicating strong conviction in future performance. This positive outlook is further supported by a forecast range of $12.84 to $15.10.

The optimistic outlook is underpinned by robust fundamental projections, including an anticipated annual revenue of $339 million, representing a significant 20.07% year-over-year increase. Additionally, the company is projected to achieve a non-GAAP EPS of $0.22, further supporting the positive analyst sentiment.

Institutional interest in GB Group is notably increasing, with 39 funds now reporting positions, marking a 2.63% rise in owners over the last quarter. Total shares owned by institutions expanded by 12.11% to 7,257K shares in the past three months, and the average portfolio weight dedicated to GBGPF increased by 22.16%.

However, a closer look at individual institutional movements reveals a nuanced picture; while Dfa Investment Trust Co and Dimensional International Small Cap Value ETF significantly increased their portfolio allocation by 44.31% and 213.40% respectively, other major holders like iShares Core MSCI EAFE ETF and iShares MSCI EAFE Small-Cap ETF decreased their allocation by 10.23% and 12.69%.

Key Decisions for Investors

• Investors should consider the substantial implied upside of 252.59% from the analyst's reiterated "Add" rating, supported by strong revenue and EPS projections.
• Monitor the nuanced institutional positioning, as some major funds significantly increased allocation while others reduced it, indicating varied conviction.
• Evaluate the long-term potential of GB Group given the significant price target and current institutional accumulation, while being mindful of the time horizon for target realization.