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

GB Group plc (LON:GBG)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 212.72 and traded as high as GBX 230. GB Group shares last traded at GBX 229.50, with a volume of 547,337 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GBG shares. Berenberg Bank lowered their price target on GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Shore Capital Group reaffirmed a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 415 target price on shares of GB Group in a research note on Wednesday, June 3rd. Canaccord Genuity Group decreased their target price on GB Group from GBX 400 to GBX 365 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group decreased their target price on GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a report on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 319.29.

GB Group Stock Performance

The business’s 50 day moving average price is GBX 212.72 and its 200-day moving average price is GBX 214.82. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The company has a market cap of £526.30 million, a price-to-earnings ratio of -7.48, a PEG ratio of 173.40 and a beta of 0.01.

GB Group (LON:GBG) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 19.20 EPS for the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. The business had revenue of £285.04 million during the quarter. On average, equities analysts anticipate that GB Group plc will post 17.0176437 EPS for the current fiscal year.

Insider Transactions at GB Group

In other news, insider David ward acquired 12,000 shares of GB Group stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of GBX 196 per share, for a total transaction of £23,520. 1.63% of the stock is owned by company insiders.

GB Group Company Profile

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.