Bridgepoint Group (LON:BPT) Shares Up 5.9% – Here’s Why

Shares of Bridgepoint Group plc (LON:BPT) were up 5.9% during trading on Wednesday . The stock traded as high as GBX 310.99 and last traded at GBX 310.20. 835,103 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 9,922,807 shares. The stock had previously closed at GBX 292.80.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on shares of Bridgepoint Group from GBX 415 to GBX 395 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bridgepoint Group has an average rating of “Moderate Buy” and an average target price of GBX 385.

Bridgepoint Group Trading Up 5.9%

The company has a market cap of £2.72 billion, a price-to-earnings ratio of 63.31, a P/E/G ratio of 0.61 and a beta of 1.37. The business has a fifty day simple moving average of GBX 261.40 and a 200 day simple moving average of GBX 260.16. The company has a quick ratio of 3.60, a current ratio of 279.03 and a debt-to-equity ratio of 55.04.

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.