PCI-PAL (LON:PCIP) Hits New 52-Week High – Here’s Why

PCI-PAL PLC (LON:PCIP) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 66.90 and last traded at GBX 65.22, with a volume of 166617 shares trading hands. The stock had previously closed at GBX 64.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 115 price target on shares of PCI-PAL in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PCI-PAL presently has a consensus rating of “Buy” and a consensus target price of GBX 115.

PCI-PAL Stock Performance

The company has a market capitalization of £47.26 million, a PE ratio of -95.92 and a beta of 0.63. The business’s 50-day moving average is GBX 52.07 and its 200-day moving average is GBX 51.51.

Insider Buying and Selling

In related news, insider Carolyn Rand purchased 8,608 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of GBX 5,810 per share, with a total value of £500,124.80. Also, insider James Barham purchased 26,466 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of GBX 57 per share, for a total transaction of £15,085.62. 9.43% of the stock is currently owned by company insiders.

About PCI-PAL

PCI-PAL provides organisations that engage with customers by phone with globally accessible cloud solutions, ensuring their conversations are PCI compliant and personal data is protected. Safeguarding reputations and trust.

Our vision is be the preferred solution provider that technology vendors globally turn to for achieving PCI compliance for payments by phone. By dedicating ourselves to the focused pursuit of easy to integrate and simple to deploy technology, we will provide the most compelling value proposition for our partners to solve their customers challenges in achieving compliance and safeguarding reputations.

It is our people, beyond our technology, who underpin our business and support our partners.