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

GB Group plc (LON:GBG) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 231.80 and traded as low as GBX 194.40. GB Group shares last traded at GBX 195.20, with a volume of 4,194,007 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GBG shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 340 price objective 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 report on Tuesday, November 25th. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 390 price target on shares of GB Group in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, GB Group currently has a consensus rating of “Buy” and an average target price of GBX 357.50.

GB Group Trading Down 1.4%

The company’s 50 day simple moving average is GBX 215.29 and its 200 day simple moving average is GBX 231.80. The company has a debt-to-equity ratio of 16.35, a current ratio of 1.07 and a quick ratio of 0.74. The firm has a market cap of £457.62 million, a price-to-earnings ratio of 54.22, a P/E/G ratio of 173.40 and a beta of 0.30.

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.