GB Group (LON:GBG) Stock Price Passes Above 50-Day Moving Average – Here’s Why

GB Group plc (LON:GBG) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 245.20 and traded as high as GBX 246.50. GB Group shares last traded at GBX 242, with a volume of 638,529 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 340 price target on shares of GB Group in a report on Wednesday, November 26th. Peel Hunt restated an “add” rating and issued a GBX 300 price target on shares of GB Group in a research report on Thursday, October 16th. Shore Capital reaffirmed a “buy” rating and set a GBX 390 price target on shares of GB Group in a research note on Wednesday, November 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 400 price target on shares of GB Group in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 357.50.

GB Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45. The business’s 50-day simple moving average is GBX 245.20 and its two-hundred day simple moving average is GBX 236. The firm has a market cap of £579.75 million, a price-to-earnings ratio of 67.71, a P/E/G ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 8.30 EPS for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, research analysts expect that GB Group plc will post 17.0176437 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dev Dhiman purchased 20,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were acquired at an average price of GBX 236 per share, with a total value of £47,200. Company insiders own 1.56% of the company’s stock.

About GB Group

GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.

We are an essential ingredient that protects against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,100 people serve more than 20,000 customers globally.