Draper Esprit (LON:GROW) Shares Cross Above 50-Day Moving Average of $545.84

Draper Esprit PLC (LON:GROW)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $545.84 and traded as high as $567.06. Draper Esprit shares last traded at $546.00, with a volume of 62,184 shares.

A number of brokerages have recently commented on GROW. Jefferies Financial Group lifted their price target on shares of Draper Esprit from GBX 617 ($8.06) to GBX 683 ($8.92) and gave the stock a “buy” rating in a report on Thursday, July 30th. Berenberg Bank lifted their target price on shares of Draper Esprit from GBX 680 ($8.89) to GBX 690 ($9.02) and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Peel Hunt reiterated a “buy” rating on shares of Draper Esprit in a report on Wednesday, July 29th.

The firm has a market capitalization of $650.74 million and a PE ratio of 16.55. The company has a debt-to-equity ratio of 6.97, a quick ratio of 6.72 and a current ratio of 7.76. The company’s fifty day moving average price is GBX 545.84 and its two-hundred day moving average price is GBX 450.58.

In related news, insider Benjamin David Wilkinson purchased 2,871 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average price of GBX 521 ($6.81) per share, with a total value of £14,957.91 ($19,545.16).

Draper Esprit Company Profile (LON:GROW)

Draper Esprit plc, formerly known as Ingleby (1994) plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.

Read More: Equity Income

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