GB Group (LON:GBG) Share Price Passes Above 50-Day Moving Average – Here’s Why

GB Group plc (LON:GBG)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 228.13 ($3.09) and traded as high as GBX 229 ($3.10). GB Group shares last traded at GBX 225.50 ($3.05), with a volume of 1,167,347 shares trading hands.

Wall Street Analyst Weigh In

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

GB Group Trading Up 2.3%

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 company has a market cap of £558.62 million, a price-to-earnings ratio of 6,632.35, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The business has a 50 day simple moving average of GBX 228.13 and a 200 day simple moving average of GBX 261.38.

GB Group (LON:GBG) last posted its quarterly earnings data on Tuesday, June 10th. The company reported GBX 17.50 EPS for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. As a group, equities analysts forecast that GB Group plc will post 17.0176437 EPS for the current year.

Insider Buying and Selling

In other GB Group news, insider David ward acquired 10,000 shares of GB Group stock in a transaction on Thursday, June 19th. The shares were bought at an average price of GBX 235 per share, with a total value of £23,500. Corporate insiders own 1.47% of the company’s stock.

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.