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

GB Group Stock Performance

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

GB Group Increases Dividend

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