GB Group plc (LON:GBG – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 340.68 ($4.48) and traded as high as GBX 343.56 ($4.52). GB Group shares last traded at GBX 328.80 ($4.32), with a volume of 221,554 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 395 ($5.19) price objective on shares of GB Group in a report on Wednesday, June 12th.
Check Out Our Latest Report on GBG
GB Group Stock Performance
GB Group Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, June 20th were paid a dividend of GBX 4.20 ($0.06) per share. This is a boost from GB Group’s previous dividend of $4.00. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, June 20th. GB Group’s dividend payout ratio (DPR) is -2,105.26%.
Insider Buying and Selling
In related news, insider Dev Dhiman acquired 20,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was purchased at an average price of GBX 338 ($4.44) per share, with a total value of £67,600 ($88,888.89). 1.75% of the stock is owned by corporate insiders.
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.
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