PensionBee Group (LON:PBEE) Sets New 12-Month Low – Here’s What Happened

PensionBee Group plc (LON:PBEE) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 122 and last traded at GBX 130, with a volume of 545572 shares traded. The stock had previously closed at GBX 128.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 210 target price on shares of PensionBee Group in a research note on Thursday, April 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 217 price objective on shares of PensionBee Group in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada raised shares of PensionBee Group to a “sector perform” rating and boosted their target price for the company from GBX 170 to GBX 175 in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 200.67.

PensionBee Group Trading Up 1.6%

The business’s 50 day moving average is GBX 139.04 and its two-hundred day moving average is GBX 149.49. 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 firm has a market capitalization of £310.26 million, a P/E ratio of -108.33, a PEG ratio of -0.09 and a beta of 0.44.

About PensionBee Group

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.