GB Group (LON:GBG) Stock Price Passes Below 200 Day Moving Average of $395.77

GB Group plc (LON:GBG – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 395.77 ($4.82) and traded as low as GBX 321.60 ($3.92). GB Group shares last traded at GBX 321.60 ($3.92), with a volume of 641,358 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of GB Group from GBX 375 ($4.57) to GBX 335 ($4.08) and set a “hold” rating for the company in a research report on Wednesday, February 22nd. Barclays cut their target price on shares of GB Group from GBX 480 ($5.85) to GBX 420 ($5.12) and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Berenberg Bank cut their target price on shares of GB Group from GBX 850 ($10.36) to GBX 515 ($6.28) and set a “buy” rating for the company in a research report on Tuesday, November 29th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 350 ($4.27) target price on shares of GB Group in a research report on Tuesday, February 21st.

GB Group Trading Down 4.8 %

The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 16.88. The stock’s fifty day moving average price is GBX 343.99 and its two-hundred day moving average price is GBX 395.77. The company has a market capitalization of £811.78 million, a PE ratio of 32,160.00, a price-to-earnings-growth ratio of 173.40 and a beta of 0.32.

Insider Transactions at GB Group

In other news, insider Richard Longdon bought 29,876 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was bought at an average cost of GBX 333 ($4.06) per share, for a total transaction of £99,487.08 ($121,251.77). 2.35% of the stock is currently owned by company insiders.

About GB Group

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GB Group plc, together with its subsidiaries, provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. Its solutions help organizations recognize and verify identities of their customers in their business processes.