GB Group (LON:GBG) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

GB Group plc (LON:GBG)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 236.41 and traded as low as GBX 235. GB Group shares last traded at GBX 238.36, with a volume of 1,133,102 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Shore Capital reaffirmed a “buy” rating and set a GBX 390 price target on shares of GB Group in a report on Wednesday, November 26th. Berenberg Bank restated a “buy” rating and set a GBX 340 price objective on shares of GB Group in a research report on Wednesday, November 26th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 400 target price on shares of GB Group in a report on Tuesday, November 25th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 300 price target on shares of GB Group in a research note on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 357.50.

GB Group Stock Performance

The stock has a market cap of £563.29 million, a P/E ratio of 66.03, a PEG ratio of 173.40 and a beta of 0.30. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74. The firm’s 50-day moving average price is GBX 245.99 and its 200-day moving average price is GBX 236.41.

GB Group (LON:GBG) last issued its earnings results on Tuesday, November 25th. The company reported GBX 8.30 earnings per share for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. Sell-side analysts expect that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

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.

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.