Redburn Partners initiated coverage on shares of Global Business Travel Group (NYSE:GBTG – Get Rating) in a research note released on Tuesday, The Fly reports. The brokerage issued a buy rating and a $12.50 price objective on the stock.
NYSE GBTG opened at $6.16 on Tuesday. Global Business Travel Group has a 1-year low of $5.88 and a 1-year high of $10.02.
In other Global Business Travel Group news, Director James Peter Bush acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average cost of $7.05 per share, for a total transaction of $35,250.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $35,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul G. Abbott purchased 17,739 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were purchased at an average price of $6.92 per share, with a total value of $122,753.88. Following the completion of the acquisition, the chief executive officer now directly owns 17,739 shares of the company’s stock, valued at $122,753.88. The disclosure for this purchase can be found here. Corporate insiders own 0.07% of the company’s stock.
Global Business Travel Group, Inc provides B2B travel platform services. It offers software and services to manage travel, expenses, and meetings and events for companies of various sizes. The company is based in New York, New York.
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