Bridgepoint Group (LON:BPT) Shares Up 0.4% – Here’s What Happened

Bridgepoint Group plc (LON:BPT)’s stock price rose 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 changed 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 Upgrades and Downgrades

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

Bridgepoint Group Stock Up 0.4%

The company has a current ratio of 4.98, a quick ratio of 3.60 and a debt-to-equity ratio of 12.89. The stock has a 50 day simple moving average of GBX 282.29 and a 200 day simple moving average of GBX 305.61. The firm has a market capitalization of £2.33 billion, a PE ratio of 51.85, a PEG ratio of 0.61 and a beta of 1.72.

Insider Buying and Selling at Bridgepoint Group

In other Bridgepoint Group news, insider Cyrus Taraporevala acquired 100,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of GBX 284 per share, for a total transaction of £284,000. Also, insider Ruth Prior purchased 179,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of GBX 278 per share, for a total transaction of £497,620. Corporate insiders own 0.64% of the company’s stock.

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.