GB Group (LON:GBG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

GB Group plc (LON:GBG)’s stock price passed 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 trading hands.

Analyst Ratings Changes

Several analysts have issued reports on GBG shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 400 price objective on shares of GB Group in a research report on Tuesday, November 25th. Shore Capital Group restated a “buy” rating and issued a GBX 390 target price on shares of GB Group in a research note on Wednesday, November 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 340 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.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 357.50.

GB Group Trading Down 1.4%

The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 16.35. The business has a 50 day simple moving average of GBX 215.29 and a two-hundred day simple moving average of GBX 231.91. The stock has a market cap of £457.62 million, a price-to-earnings ratio of 54.22, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30.

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.

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.