GB Group (LON:GBG) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Shares of GB Group plc (LON:GBG) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 212.02 and traded as low as GBX 209.99. GB Group shares last traded at GBX 219, with a volume of 17,366,887 shares changing hands.

Analyst Upgrades and Downgrades

GBG has been the subject of several recent research reports. 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 research report on Thursday, June 25th. Stifel Nicolaus reissued a “hold” rating and set a GBX 265 price objective on shares of GB Group in a report on Wednesday, April 22nd. Shore Capital Group reaffirmed a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Berenberg Bank lowered their price target on shares of GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, Canaccord Genuity Group cut their price objective on shares of GB Group from GBX 400 to GBX 365 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 319.29.

GB Group Price Performance

The firm has a market capitalization of £485.02 million, a P/E ratio of -6.89, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01. 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 business has a 50 day simple moving average of GBX 212.02 and a two-hundred day simple moving average of GBX 216.21.

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

Insider Transactions at GB Group

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