GB Group (LON:GBG) Shares Cross Below 200 Day Moving Average - Here's What Happened

Key Points

• GB Group's shares fell below their 200-day moving average of GBX 268.38, trading as low as GBX 211 before closing at GBX 217.50 with over 1.25 million shares exchanging hands.
• Shore Capital maintained a "buy" rating on GB Group, setting a target price of GBX 390, while the stock currently holds an overall average rating of "Buy" among analysts.
• The company reported earnings per share of GBX 17.50 last quarter, but has a negative return on equity of 7.73% and anticipates an EPS of approximately 17.02 for the current fiscal year.

GB Group plc (LON:GBG - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 268.38 ($3.63) and traded as low as GBX 211 ($2.85). GB Group shares last traded at GBX 217.50 ($2.94), with a volume of 1,250,563 shares trading hands.

Analyst Upgrades and Downgrades

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

GB Group Stock Performance

The company's 50 day moving average price is GBX 230.48 and its 200-day moving average price is GBX 268.38. 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 company has a market cap of £548.59 million, a PE ratio of -11.29, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported GBX 17.50 earnings per share for the quarter. GB Group had a negative return on equity of 7.73% and a negative net margin of 17.52%. Equities research analysts anticipate that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GB Group news, insider David ward acquired 10,000 shares of the business's stock in a transaction dated Thursday, June 19th. The stock was bought at an average price of GBX 235 per share, with a total value of £23,500. 1.75% of the stock is currently owned by insiders.

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.

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