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

Shares of GB Group plc (LON:GBG) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analysts Set New Price Targets

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

GB Group Stock Performance

The company has a market cap of £858.84 million, a P/E ratio of -494.20, a P/E/G ratio of 173.40 and a beta of 0.19. The firm has a 50 day moving average price of GBX 327.19 and a 200-day moving average price of GBX 290.80. The company has a debt-to-equity ratio of 19.75, a quick ratio of 0.74 and a current ratio of 0.91.

GB Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 20th will be paid a dividend of GBX 4.20 ($0.05) per share. This represents a dividend yield of 1.21%. The ex-dividend date is Thursday, June 20th. This is an increase from GB Group’s previous dividend of $4.00. GB Group’s dividend payout ratio is -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.