GB Group (LON:GBG) Stock Passes Above 50 Day Moving Average of $327.19

Shares of GB Group plc (LON:GBG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 327.19 ($4.15) and traded as high as GBX 342.80 ($4.35). GB Group shares last traded at GBX 341 ($4.33), with a volume of 280,569 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 395 ($5.01) price objective on shares of GB Group in a research report on Wednesday, June 12th.

GB Group Price Performance

The firm has a market capitalization of £858.33 million, a P/E ratio of -492.46, a price-to-earnings-growth ratio of 173.40 and a beta of 0.19. The company has a debt-to-equity ratio of 19.75, a quick ratio of 0.74 and a current ratio of 0.91. The business has a 50 day simple moving average of GBX 328.92 and a two-hundred day simple moving average of GBX 291.45.

GB Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 20th will be paid a GBX 4.20 ($0.05) dividend. This is a positive change from GB Group’s previous dividend of $4.00. This represents a yield of 1.21%. The ex-dividend date is Thursday, June 20th. GB Group’s dividend payout ratio is currently -579.71%.

About GB Group

GB Group plc, together with its subsidiaries, provides digital identity products and services in the United Kingdom, the United States of America, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. It provides identity products comprising ID3global, an identity verification, IDscan, a ID document verification, IDscan core, a personalized document verification, Scannet, a venue ID verification, investigate, a search subject analysis, and ProID, a no-code industry verification solution.