Bridgepoint Group (LON:BPT) Trading 15.6% Higher – Here’s What Happened

Bridgepoint Group plc (LON:BPT)’s share price rose 15.6% on Monday . The company traded as high as GBX 276.40 and last traded at GBX 270. Approximately 3,805,646 shares traded hands during trading, a decline of 65% from the average daily volume of 10,762,005 shares. The stock had previously closed at GBX 233.60.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective on Bridgepoint Group from GBX 415 to GBX 395 and set a “buy” rating for the company in a research note on Tuesday, April 14th. 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 company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 385.

Bridgepoint Group Price Performance

The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 55.10, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37. The business has a fifty day moving average price of GBX 257.12 and a 200 day moving average price of GBX 260.06. The company has a debt-to-equity ratio of 55.04, a current ratio of 279.03 and a quick ratio of 3.60.

About Bridgepoint Group

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.