Personal Group (LON:PGH) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Personal Group Holdings Plc (LON:PGH) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 364.68 and traded as high as GBX 405. Personal Group shares last traded at GBX 400, with a volume of 58,484 shares trading hands.

Analyst Upgrades and Downgrades

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

Personal Group Trading Down 1.3%

The company has a fifty day simple moving average of GBX 366.76 and a two-hundred day simple moving average of GBX 336.34. The company has a market cap of £122.87 million, a PE ratio of 17.65 and a beta of 0.15.

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

Insiders Place Their Bets

In other Personal Group news, insider Paula Constant sold 84,251 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of GBX 333, for a total transaction of £280,555.83. Also, insider Sarah Mace sold 40,530 shares of the company’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. 44.77% of the stock is owned by company insiders.

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.