Bridgepoint Group (LON:BPT) Earns Add Rating from Numis Securities

Numis Securities reissued their add rating on shares of Bridgepoint Group (LON:BPT – Get Rating) in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 245 ($2.99) price objective on the stock.

Separately, Jefferies Financial Group began coverage on Bridgepoint Group in a report on Tuesday, February 21st. They issued a buy rating and a GBX 300 ($3.66) price target for the company.

Bridgepoint Group Price Performance

Shares of Bridgepoint Group stock opened at GBX 193.70 ($2.36) on Thursday. The business has a 50 day simple moving average of GBX 237.11 and a two-hundred day simple moving average of GBX 221.27. Bridgepoint Group has a 12 month low of GBX 166.20 ($2.03) and a 12 month high of GBX 378.80 ($4.62). The stock has a market capitalization of £1.59 billion and a P/E ratio of 2,152.22. The company has a debt-to-equity ratio of 11.60, a current ratio of 10.23 and a quick ratio of 3.60.

Bridgepoint Group Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 23rd. Investors of record on Thursday, April 27th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 1.95%. Bridgepoint Group’s dividend payout ratio is presently 8,888.89%.

Insider Activity at Bridgepoint Group

In other Bridgepoint Group news, insider Cyrus Taraporevala acquired 8,517 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of GBX 211 ($2.57) per share, for a total transaction of £17,970.87 ($21,902.34). Insiders own 28.71% of the company’s stock.

About Bridgepoint Group

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Bridgepoint Group plc operates as a private equity and credit fund manager in Europe, the United States, and China. The company invests in the middle market private assets. It specialises and invests in private equity and credit internationally across six principal sectors, including business services, consumer, financial services, healthcare, advanced industrials, and technology.