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

GB Group plc (LON:GBG)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price target on GB Group from GBX 270 to GBX 240 and set a “buy” rating on the stock in a report on Thursday, June 25th. Berenberg Bank reduced their target price on GB Group from GBX 290 to GBX 260 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 265 target price on shares of GB Group in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 415 target price on shares of GB Group in a research report on Wednesday, June 3rd. Finally, Shore Capital Group restated a “buy” rating on shares of GB Group in a report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 319.29.

GB Group Trading Up 0.9%

The stock’s 50 day moving average is GBX 212.28 and its two-hundred day moving average is GBX 215.97. The company has a market capitalization of £501.08 million, a PE ratio of -7.12, a price-to-earnings-growth ratio of 173.40 and a beta of 0.01. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 23.89.

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

Insider Buying and Selling at GB Group

In other news, insider David ward acquired 12,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of GBX 196 per share, with a total value of £23,520. Corporate insiders own 1.63% of the company’s stock.

GB Group Company Profile

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.