GB Group (LON:GBG) Share Price Passes Above 50-Day Moving Average – What’s Next?

GB Group plc (LON:GBG) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 245.20 and traded as high as GBX 246.50. GB Group shares last traded at GBX 242, with a volume of 638,529 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Shore Capital restated a “buy” rating and issued a GBX 390 price target on shares of GB Group in a research note on Wednesday, November 26th. Canaccord Genuity Group restated a “buy” rating and set a GBX 400 target price on shares of GB Group in a research report on Tuesday, November 25th. Berenberg Bank reiterated a “buy” rating and issued a GBX 340 price target on shares of GB Group in a research report on Wednesday, November 26th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 300 price target on shares of GB Group in a research note on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, GB Group currently has an average rating of “Buy” and a consensus target price of GBX 357.50.

GB Group Stock Down 0.5%

The firm’s 50-day moving average price is GBX 245.20 and its 200 day moving average price is GBX 236. The company has a market capitalization of £579.75 million, a price-to-earnings ratio of 67.71, 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.

GB Group (LON:GBG) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 8.30 earnings per share (EPS) for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. On average, sell-side analysts forecast that GB Group plc will post 17.0176437 EPS for the current fiscal year.

Insider Activity

In other GB Group news, insider Dev Dhiman purchased 20,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was bought at an average price of GBX 236 per share, with a total value of £47,200. Insiders own 1.56% of the company’s stock.

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.