GB Group (LON:GBG) Shares Pass Below 200-Day Moving Average – What’s Next?

GB Group plc (LON:GBG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 240.24 and traded as low as GBX 227. GB Group shares last traded at GBX 228, with a volume of 21,612,822 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GBG shares. Shore Capital reaffirmed a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a research report on Thursday, October 16th. Peel Hunt reaffirmed an “add” rating and set a GBX 300 price target on shares of GB Group in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 345.

GB Group Stock Performance

The business’s 50 day simple moving average is GBX 237 and its two-hundred day simple moving average is GBX 240.24. The firm has a market capitalization of £561.77 million, a PE ratio of 68.24, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45.

Insider Buying and Selling

In other news, insider Dev Dhiman bought 20,000 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were acquired at an average cost of GBX 236 per share, with a total value of £47,200. Company insiders own 1.53% of the company’s stock.

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.