PensionBee Group (LON:PBEE) Sets New 1-Year Low – Here’s Why

PensionBee Group plc (LON:PBEE) hit a new 52-week low on Monday . The company traded as low as GBX 125 and last traded at GBX 125, with a volume of 88571 shares. The stock had previously closed at GBX 130.50.

Wall Street Analysts Forecast Growth

PBEE has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of PensionBee Group in a report on Thursday, April 23rd. Royal Bank Of Canada upgraded shares of PensionBee Group to a “sector perform” rating and upped their price target for the company from GBX 170 to GBX 175 in a research note on Tuesday, May 19th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 217 price target on shares of PensionBee Group in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 200.67.

PensionBee Group Stock Down 4.2%

The firm has a 50 day simple moving average of GBX 141.41 and a two-hundred day simple moving average of GBX 150.91. The company has a quick ratio of 7.03, a current ratio of 9.34 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of £298.33 million, a P/E ratio of -104.17, a PEG ratio of -0.09 and a beta of 0.44.

PensionBee Group Company Profile

PensionBee is creating a global leader in the consumer retirement market with approximately £7.5 billion (approximately $10 billion) in assets on behalf of approximately 315,000 customers.

Founded in 2014, we aspire to make as many people as possible pension confident so that everyone can enjoy a happy retirement. We help our customers to combine their retirement savings into a new online account, which they can manage from the palm of their hand.

PensionBee accounts are invested by the world’s largest investment managers, collectively looking after more than $10 trillion in savings between them.