Bridgepoint Group (LON:BPT) Shares Up 0.4% – Should You Buy?

Shares of Bridgepoint Group plc (LON:BPT) rose 0.4% during trading on Thursday . The stock traded as high as GBX 279.40 and last traded at GBX 274.80. Approximately 59,879,270 shares changed hands during trading, an increase of 597% from the average daily volume of 8,592,735 shares. The stock had previously closed at GBX 273.60.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Bridgepoint Group from GBX 395 to GBX 415 and gave the company a “buy” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Bridgepoint Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 385.

Bridgepoint Group Stock Performance

The business has a fifty day moving average of GBX 282.29 and a 200 day moving average of GBX 305.17. The company has a market cap of £2.31 billion, a P/E ratio of 51.36, a P/E/G ratio of 0.61 and a beta of 1.72. The company has a quick ratio of 3.60, a current ratio of 4.98 and a debt-to-equity ratio of 12.89.

Insider Activity

In related news, insider Ruth Prior purchased 179,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average cost of GBX 278 per share, with a total value of £497,620. Also, insider Cyrus Taraporevala acquired 100,000 shares of the stock in a transaction on Friday, November 14th. The stock was bought at an average price of GBX 284 per share, with a total value of £284,000. Company insiders own 0.64% of the company’s stock.

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.