Bridgepoint Group (LON:BPT) Trading 2% Higher – Time to Buy?

Bridgepoint Group plc (LON:BPT) shares traded up 2% during mid-day trading on Thursday . The stock traded as high as GBX 344 ($4.65) and last traded at GBX 340.99 ($4.61). 409,796 shares traded hands during trading, a decline of 76% from the average session volume of 1,706,403 shares. The stock had previously closed at GBX 334.20 ($4.51).

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup increased their price objective on shares of Bridgepoint Group from GBX 360 to GBX 395 and gave the company a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 424 price objective on shares of Bridgepoint Group in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 345 price objective on shares of Bridgepoint Group in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 388.

Bridgepoint Group Trading Up 2.0%

The stock has a market capitalization of £2.82 billion, a price-to-earnings ratio of 61.94, a PEG ratio of 0.61 and a beta of 1.72. The company’s 50-day moving average is GBX 328.14 and its 200-day moving average is GBX 312.43. The company has a quick ratio of 3.60, a current ratio of 4.98 and a debt-to-equity ratio of 12.89.

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.