GB Group (LON:GBG) Shares Pass Above Fifty Day Moving Average – Here’s Why

GB Group plc (LON:GBG) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 224.85 ($3.03) and traded as high as GBX 259.50 ($3.50). GB Group shares last traded at GBX 251.48 ($3.39), with a volume of 4,853,136 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating and set a GBX 390 target price on shares of GB Group in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 390.

GB Group Price Performance

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 stock has a market cap of £626.63 million, a P/E ratio of 7,529.41, a P/E/G ratio of 173.40 and a beta of 0.30. The firm has a 50 day moving average price of GBX 224.85 and a 200 day moving average price of GBX 245.49.

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.