GB Group (LON:GBG) Stock Passes Below 200 Day Moving Average – Should You Sell?

GB Group plc (LON:GBG) shares passed 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 Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Shore Capital reissued a “buy” rating and set a GBX 390 price objective on shares of GB Group in a research report on Thursday, October 16th. Peel Hunt reissued 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, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 345.

GB Group Stock Performance

The company has a market cap of £561.77 million, a PE ratio of 68.24, a PEG 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. The business’s 50 day moving average is GBX 237 and its two-hundred day moving average is GBX 240.24.

Insider Buying and Selling at GB Group

In other GB Group news, insider Dev Dhiman bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average price of GBX 236 per share, for a total transaction of £47,200. 1.53% 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.