GB Group (LON:GBG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

GB Group plc (LON:GBG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 232.84 and traded as low as GBX 195.80. GB Group shares last traded at GBX 200, with a volume of 372,030 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GBG shares. Shore Capital Group restated a “buy” rating and issued a GBX 390 price target on shares of GB Group in a report on Wednesday, November 26th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 400 target price on shares of GB Group in a research report on Tuesday, November 25th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 340 target price on shares of GB Group in a research note on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 357.50.

GB Group Stock Performance

The firm has a market cap of £475.91 million, a price-to-earnings ratio of 56.39, a PEG ratio of 173.40 and a beta of 0.30. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 16.35. The company has a 50 day moving average of GBX 219.93 and a 200 day moving average of GBX 232.51.

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.