Personal Group (LON:PGH) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Personal Group Holdings Plc (LON:PGH)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 370.13 and traded as high as GBX 385. Personal Group shares last traded at GBX 384.50, with a volume of 346,083 shares traded.

Analyst Ratings Changes

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

Personal Group Stock Up 1.3%

The firm has a market cap of £121.30 million, a P/E ratio of 17.42 and a beta of 0.15. The firm’s 50-day simple moving average is GBX 370.66 and its 200 day simple moving average is GBX 337.59.

Personal Group (LON:PGH) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 23.30 EPS for the quarter. Personal Group had a net margin of 15.06% and a return on equity of 20.34%. As a group, analysts forecast that Personal Group Holdings Plc will post 19.0753425 earnings per share for the current year.

Insiders Place Their Bets

In other Personal Group news, insider Sarah Mace sold 40,530 shares of Personal Group stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 333, for a total value of £134,964.90. Also, insider Maria Darby-Walker acquired 306 shares of the stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of GBX 384 per share, for a total transaction of £1,175.04. 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.