GB Group (LON:GBG) Stock Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• GB Group plc's share price crossed above its fifty-day moving average of GBX 224.70 during trading, reaching a high of GBX 231.05.
• Shore Capital has reiterated a "buy" rating on GB Group, setting a price target of GBX 390 for the stock, indicating strong analyst confidence.
• The company's financial metrics reveal a debt-to-equity ratio of 16.45, indicating significant leverage, while it has a market capitalization of £552.17 million.

GB Group plc (LON:GBG - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 224.70 ($3.03) and traded as high as GBX 231.05 ($3.11). GB Group shares last traded at GBX 229 ($3.09), with a volume of 658,708 shares trading hands.

Analysts Set New Price Targets

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

GB Group Price Performance

The firm has a market cap of £552.17 million, a price-to-earnings ratio of 6,588.24, a PEG ratio of 173.40 and a beta of 0.30. The stock has a 50-day moving average price of GBX 224.39 and a 200 day moving average price of GBX 250.48. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74.

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.