GB Group (LON:GBG) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

GB Group plc (LON:GBG)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 230.07 ($3.07) and traded as high as GBX 248 ($3.31). GB Group shares last traded at GBX 246.50 ($3.29), with a volume of 2,663,330 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GBG shares. Shore Capital reissued a “buy” rating and set a GBX 390 target price on shares of GB Group in a report on Thursday, October 16th. Peel Hunt restated an “add” rating and issued a GBX 300 price objective on shares of GB Group in a report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 345.

GB Group Stock Down 0.9%

The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The firm has a market capitalization of £597.92 million, a PE ratio of 71.84, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The business has a 50-day moving average price of GBX 230.07 and a 200-day moving average price of GBX 242.01.

Insider Transactions at GB Group

In related news, insider Dev Dhiman bought 20,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of GBX 236 per share, with a total value of £47,200. 1.50% 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.