GB Group plc (LON:GBG – Get Free Report) crossed 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 395 ($5.01) price target on shares of GB Group in a research report on Wednesday, June 12th.
Get Our Latest Analysis on GBG
GB Group Trading Down 0.3 %
GB Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 20th will be given a dividend of GBX 4.20 ($0.05) per share. 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 of this dividend is Thursday, June 20th. GB Group’s dividend payout ratio is currently -579.71%.
GB Group Company Profile
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.
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