Bridgepoint Group (LON:BPT) Shares Up 0.4% – Time to Buy?

Bridgepoint Group plc (LON:BPT)’s share price was up 0.4% during trading on Thursday . The stock traded as high as GBX 279.40 and last traded at GBX 274.80. Approximately 59,879,270 shares traded hands during trading, an increase of 597% from the average daily volume of 8,592,735 shares. The stock had previously closed at GBX 273.60.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price objective on Bridgepoint Group from GBX 395 to GBX 415 and gave the company a “buy” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 385.

Bridgepoint Group Stock Up 0.4%

The company has a debt-to-equity ratio of 12.89, a quick ratio of 3.60 and a current ratio of 4.98. The stock has a market cap of £2.33 billion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 0.61 and a beta of 1.72. The company’s 50-day moving average price is GBX 282.29 and its 200 day moving average price is GBX 305.61.

Insiders Place Their Bets

In related news, insider Ruth Prior bought 179,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of GBX 278 per share, for a total transaction of £497,620. Also, insider Cyrus Taraporevala acquired 100,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of GBX 284 per share, for a total transaction of £284,000. 0.64% of the stock is currently owned by company insiders.

Bridgepoint Group Company Profile

Bridgepoint Group plc is a private equity and private credit firm specializing in middle market, small mid cap, small cap, growth capital, buyouts investments, syndicate debt, infrastructure, direct lending and credit opportunities in private credit investments. It prefers to invest in advanced industrials, automation, agricultural sciences, energy transition enablers, business services, financial services, professional services, testing inspection and certification, information services, consumer, digital brands, video games, wellbeing products, health care, pharma and MedTech outsourced services, pharma products, and MedTech Products sectors.