GB Group (LON:GBG) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

GB Group plc (LON:GBGGet Free Report)’s share price passed 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.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on GBG

GB Group Price Performance

The stock has a market cap of £527.71 million, a PE ratio of 63.19, a PEG ratio of 173.40 and a beta of 0.00. The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.74 and a current ratio of 1.07. The stock’s 50-day moving average is GBX 207.97 and its two-hundred day moving average is GBX 224.54.

GB Group Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for GB Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GB Group and related companies with MarketBeat.com's FREE daily email newsletter.