GB Group (LON:GBG) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• GB Group plc shares have surpassed their 50-day moving average, trading at GBX 249.02 ($3.32) at the time of reporting, while the stock hit a high of GBX 251.50 ($3.35).
• Analysts from Shore Capital have maintained a "buy" rating for GB Group, with a target price of GBX 390, indicating expected growth in the stock's value.
• The company's market capitalization is approximately £607.05 million, with a notable P/E ratio of 7,294.12 and a beta of 0.30, suggesting low volatility compared to the market.

GB Group plc (LON:GBG - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 227.56 ($3.03) and traded as high as GBX 251.50 ($3.35). GB Group shares last traded at GBX 249.02 ($3.32), with a volume of 1,974,905 shares trading hands.

Wall Street Analysts Forecast Growth

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

GB Group Stock Performance

The stock has a fifty day simple moving average of GBX 227.56 and a 200-day simple moving average of GBX 243.65. The company has a debt-to-equity ratio of 16.45, a quick ratio of 0.74 and a current ratio of 1.00. The stock has a market cap of £607.05 million, a P/E ratio of 7,294.12, a PEG 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.

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