GB Group (LON:GBG) Shares Pass Below 200 Day Moving Average of $543.71

GB Group plc (LON:GBGGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 543.71 ($6.55) and traded as low as GBX 485 ($5.84). GB Group shares last traded at GBX 506 ($6.10), with a volume of 612,631 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays increased their target price on shares of GB Group from GBX 415 ($5.00) to GBX 1,000 ($12.05) and gave the company an “overweight” rating in a research report on Friday, June 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,050 ($12.65) target price on shares of GB Group in a research report on Thursday, June 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 1,007.50 ($12.14).

GB Group Stock Performance

The company’s fifty day moving average is GBX 473.76 and its 200 day moving average is GBX 543.71. The company has a market capitalization of £1.27 billion and a P/E ratio of 7,228.57. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 16.72.

GB Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 3rd. Investors of record on Thursday, June 23rd will be issued a GBX 3.81 ($0.05) dividend. The ex-dividend date is Thursday, June 23rd. This is an increase from GB Group’s previous dividend of $3.40. This represents a yield of 0.92%. GB Group’s dividend payout ratio (DPR) is 48.57%.

Insider Buying and Selling at GB Group

In other news, insider David A. Rasche purchased 11,940 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average cost of GBX 415 ($5.00) per share, with a total value of £49,551 ($59,700.00). In other news, insider David A. Rasche purchased 11,940 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average cost of GBX 415 ($5.00) per share, with a total value of £49,551 ($59,700.00). Also, insider Chris Clark sold 87,750 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of GBX 433 ($5.22), for a total transaction of £379,957.50 ($457,780.12).

About GB Group

(Get Rating)

GB Group plc, together with its subsidiaries, provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. Its solutions help organizations recognize and verify identities of their customers in their business processes.

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