GB Group (LON:GBG) Share Price Breaks Below 50 Day Moving Average – Here’s Why

Shares of GB Group plc (LON:GBG) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 153.75 and traded as low as GBX 152.40. GB Group shares last traded at GBX 153.25, with a volume of 1,964,715 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GBG shares. Berenberg Bank decreased their target price on shares of GB Group from GBX 190 to GBX 175 and set a “hold” rating for the company in a research report on Friday, October 23rd. Jefferies Financial Group restated a “buy” rating and set a GBX 210 price target on shares of GB Group in a research report on Wednesday, October 21st. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 300 price target on shares of GB Group in a research note on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of GB Group from GBX 345 to GBX 157 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GB Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 249.50.

GB Group Stock Down 3.5%

The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.74 and a current ratio of 1.09. The company has a market cap of £350.48 million, a P/E ratio of -4.99, a P/E/G ratio of 173.40 and a beta of 0.02. The stock has a 50 day moving average price of GBX 153.75 and a 200 day moving average price of GBX 195.32.

GB Group Company Profile

GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.

For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index.