GB Group (LON:GBG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

GB Group plc (LON:GBG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 224.72 and traded as low as GBX 216.50. GB Group shares last traded at GBX 224.50, with a volume of 718,971 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on GBG. Shore Capital Group restated a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 400 price objective on shares of GB Group in a research report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a GBX 265 price objective on shares of GB Group in a research report on Wednesday, April 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 290 price objective on shares of GB Group in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GB Group presently has an average rating of “Moderate Buy” and an average price target of GBX 329.

GB Group Stock Up 2.4%

The firm’s fifty day moving average price is GBX 207.08 and its 200-day moving average price is GBX 224.72. The company has a market capitalization of £533.51 million, a price-to-earnings ratio of 63.89, a P/E/G ratio of 173.40 and a beta of 0.00. The company has a debt-to-equity ratio of 16.35, a current ratio of 1.07 and a quick ratio of 0.74.

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.