GB Group (LON:GBG) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• GB Group shares crossed below their 200-day moving average (200-day MA GBX 226.55), trading as low as GBX 207.30 and last at GBX 212.50 on volume of 934,197, signalling near-term technical weakness.
• Despite the dip, analysts remain broadly positive (four Buys, one Hold) with an average rating of "Moderate Buy" and an average target of GBX 329

Shares of GB Group plc (LON:GBG - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 226.55 and traded as low as GBX 207.30. GB Group shares last traded at GBX 212.50, with a volume of 934,197 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus reissued a "hold" rating and issued a GBX 265 price objective on shares of GB Group in a research note on Wednesday, April 22nd. Shore Capital Group reaffirmed a "buy" rating on shares of GB Group in a research note on Wednesday, April 22nd. Berenberg Bank reiterated a "buy" rating and set a GBX 290 price target on shares of GB Group in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 400 price target on shares of GB Group in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, GB Group has an average rating of "Moderate Buy" and an average target price of GBX 329.

GB Group Stock Performance

The company has a fifty day moving average price of GBX 202.86 and a two-hundred day moving average price of GBX 226.55. The company has a debt-to-equity ratio of 16.35, a current ratio of 1.07 and a quick ratio of 0.74. The company has a market capitalization of £493.35 million, a P/E ratio of 58.89, a PEG 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.

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