GB Group (LON:GBG) Stock Passes Below 200-Day Moving Average – Time to Sell?

GB Group plc (LON:GBG)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 232.84 and traded as low as GBX 195.80. GB Group shares last traded at GBX 200, with a volume of 372,030 shares traded.

Analyst Upgrades and Downgrades

GBG has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 340 target price on shares of GB Group in a research note on Wednesday, November 26th. Shore Capital Group reiterated a “buy” rating and issued a GBX 390 price objective on shares of GB Group in a report on Wednesday, November 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 400 price objective on shares of GB Group in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, GB Group presently has a consensus rating of “Buy” and an average price target of GBX 357.50.

GB Group Stock Performance

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’s 50 day moving average price is GBX 221.94 and its 200 day moving average price is GBX 232.84. The stock has a market capitalization of £468.87 million, a P/E ratio of 55.56, 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.