GB Group (LON:GBG) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

GB Group plc (LON:GBG) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 212.72 and traded as high as GBX 230. GB Group shares last traded at GBX 229.50, with a volume of 547,337 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GBG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 415 target price on shares of GB Group in a report on Wednesday, June 3rd. Jefferies Financial Group reduced their price target on GB Group from GBX 270 to GBX 240 and set a “buy” rating for the company in a report on Thursday, June 25th. Shore Capital Group reissued a “buy” rating on shares of GB Group in a research report on Wednesday, April 22nd. Berenberg Bank dropped their price objective on GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 265 price objective on shares of GB Group in a research report on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 319.29.

GB Group Stock Performance

The stock has a market capitalization of £516.60 million, a price-to-earnings ratio of -7.34, a P/E/G ratio of 173.40 and a beta of 0.01. The company’s fifty day simple moving average is GBX 212.75 and its 200 day simple moving average is GBX 214.89. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89.

GB Group (LON:GBG) last posted its earnings results on Tuesday, June 2nd. The company reported GBX 19.20 earnings per share (EPS) for the quarter. The company had revenue of £285.04 million during the quarter. GB Group had a negative net margin of 26.34% and a negative return on equity of 14.39%. On average, equities research analysts expect that GB Group plc will post 17.0176437 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David ward acquired 12,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of GBX 196 per share, for a total transaction of £23,520. 1.63% of the stock is currently owned by corporate insiders.

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.