GB Group (LON:GBG) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

GB Group plc (LON:GBG)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 236.41 and traded as low as GBX 235. GB Group shares last traded at GBX 238.36, with a volume of 1,133,102 shares.

Analyst Ratings Changes

GBG has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 340 target price on shares of GB Group in a research report on Wednesday, November 26th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 400 price target on shares of GB Group in a research note on Tuesday, November 25th. Shore Capital reissued a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a research note on Wednesday, November 26th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 300 price target on shares of GB Group in a research note on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 357.50.

GB Group Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The firm has a market cap of £566.37 million, a price-to-earnings ratio of 66.39, a PEG ratio of 173.40 and a beta of 0.30. The company has a 50-day moving average price of GBX 246.12 and a 200 day moving average price of GBX 236.53.

GB Group (LON:GBG) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 8.30 earnings per share for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, research analysts anticipate that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

About GB Group

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.