GB Group (LON:GBG) Stock Price Passes Below 200 Day Moving Average – Here’s Why

GB Group plc (LON:GBG) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 201.68 and traded as low as GBX 149.40. GB Group shares last traded at GBX 149.40, with a volume of 7,633,751 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GBG shares. Deutsche Bank Aktiengesellschaft cut their price target on GB Group from GBX 415 to GBX 345 and set a “buy” rating on the stock in a research note on Monday, August 17th. Berenberg Bank lowered GB Group to a “hold” rating and lowered their price objective for the company from GBX 260 to GBX 190 in a research note on Wednesday, September 2nd. Jefferies Financial Group dropped their price objective on GB Group from GBX 240 to GBX 210 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Finally, Canaccord Genuity Group cut their target price on GB Group from GBX 365 to GBX 300 and set a “speculative buy” rating on the stock in a research report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 285.71.

GB Group Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 23.89. The firm has a market capitalization of £342.00 million, a price-to-earnings ratio of -4.87, a price-to-earnings-growth ratio of 173.40 and a beta of 0.02. The company has a 50-day moving average of GBX 189.51 and a 200-day moving average of GBX 201.68.

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.