GB Group (LON:GBG) Shares Cross Above Fifty Day Moving Average – Time to Sell?

GB Group plc (LON:GBG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 232.89 and traded as high as GBX 242. GB Group shares last traded at GBX 235.74, with a volume of 9,079,498 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Shore Capital reissued a “buy” rating and issued a GBX 390 target price on shares of GB Group in a research report on Thursday, October 16th. Peel Hunt reissued an “add” rating and issued a GBX 300 target price on shares of GB Group in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 345.

GB Group Stock Performance

The firm has a market cap of £577.04 million, a price-to-earnings ratio of 69.33, a P/E/G ratio of 173.40 and a beta of 0.30. The stock has a 50 day moving average of GBX 232.89 and a 200 day moving average of GBX 241.67. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45.

Insider Buying and Selling

In related news, insider Dev Dhiman purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average price of GBX 236 per share, with a total value of £47,200. 1.50% of the stock is currently 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.