Global Business Travel Group (NYSE:GBTG) Earns Buy Rating from Analysts at Redburn Partners

Redburn Partners began coverage on shares of Global Business Travel Group (NYSE:GBTGGet Rating) in a research report sent to investors on Tuesday, The Fly reports. The firm issued a buy rating and a $12.50 target price on the stock.

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 related news, Director James Peter Bush purchased 5,000 shares of the company’s stock in a transaction on Friday, June 10th. The shares were bought at an average price of $7.05 per share, with a total value of $35,250.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $35,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul G. Abbott purchased 17,739 shares of the company’s stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $6.92 per share, for a total transaction of $122,753.88. Following the acquisition, the chief executive officer now directly owns 17,739 shares of the company’s stock, valued at approximately $122,753.88. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by corporate insiders.

Global Business Travel Group Company Profile (Get Rating)

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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