Personal Group (LON:PGH) Share Price Passes Above 50-Day Moving Average – Here’s Why

Personal Group Holdings Plc (LON:PGH)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 392.56 and traded as high as GBX 405. Personal Group shares last traded at GBX 402.50, with a volume of 31,090 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on Personal Group from GBX 416 to GBX 415 and set a “buy” rating for the company in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Personal Group has an average rating of “Moderate Buy” and a consensus target price of GBX 522.50.

Personal Group Stock Performance

The company has a current ratio of 72.08, a quick ratio of 2.77 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average of GBX 392.56 and a 200-day moving average of GBX 348.54. The stock has a market capitalization of £126.81 million, a price-to-earnings ratio of 18.21 and a beta of 0.18.

Insider Activity

In related news, insider Maria Darby-Walker bought 306 shares of the stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of GBX 384 per share, for a total transaction of £1,175.04. Also, insider Sarah Mace sold 40,530 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of GBX 333, for a total value of £134,964.90. Insiders own 44.76% of the company’s stock.

About Personal Group

Personal Group Holdings Plc (AIM: PGH) is a workforce benefits and insurance provider. Its vision is to be the champion of affordable and accessible insurance and benefits, keeping businesses and their employees happy, healthy and protected. The Group is proud to support the health and wellbeing of over 1 million UK employees.

The Group’s insurance provides employees with access to affordable, individual policies for hospital, recovery and death benefit plans. The Group’s award-winning benefits platform, Hapi, brings together extensive employee benefits, discounts and rewards, in one responsive platform.