GB Group (LON:GBG) Shares Cross Below 200 Day Moving Average – Here’s Why

GB Group plc (LON:GBG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 226.55 and traded as low as GBX 207.30. GB Group shares last traded at GBX 212.50, with a volume of 934,197 shares traded.

Wall Street Analysts Forecast Growth

GBG has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of GB Group in a report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a GBX 265 price target on shares of GB Group in a research report on Wednesday, April 22nd. Shore Capital Group restated a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 290 target price on shares of GB Group in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, GB Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 329.

GB Group Stock Up 1.1%

The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 16.35. The stock has a market cap of £500.10 million, a price-to-earnings ratio of 59.69, a PEG ratio of 173.40 and a beta of 0.30. The business’s fifty day moving average is GBX 202.86 and its two-hundred day moving average is GBX 226.55.

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.