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

GB Group plc (LON:GBG)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

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

GB Group Trading Down 3.5%

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

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.