GB Group (LON:GBG) Shares Pass Below 200 Day Moving Average - Time to Sell?

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 share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 268.38 ($3.62) 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 traded.

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 research report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, GB Group currently has an average rating of "Buy" and an average target price of GBX 390.

GB Group Stock Up 4.4%

The firm's 50 day moving average price is GBX 228.90 and its 200-day moving average price is GBX 265.56. The company has a market cap of £563.73 million, a P/E ratio of -11.60, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 16.45.

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

Insiders Place Their Bets

In related news, insider David ward purchased 10,000 shares of the business's stock in a transaction on Thursday, June 19th. The shares were purchased at an average price of GBX 235 per share, with a total value of £23,500. Insiders own 1.75% of the company's stock.

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.