HarbourVest Global Private Equity (LON:HVPE) Reaches New 52-Week High – Here’s Why

HarbourVest Global Private Equity Ltd. (LON:HVPE)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 47 and last traded at GBX 3,405, with a volume of 293973 shares trading hands. The stock had previously closed at GBX 3,370.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of HarbourVest Global Private Equity in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

HarbourVest Global Private Equity Stock Performance

The company has a quick ratio of 143.41, a current ratio of 9.08 and a debt-to-equity ratio of 13.36. The company has a market cap of £2.33 billion, a price-to-earnings ratio of 7.30 and a beta of 0.43. The stock has a 50 day simple moving average of GBX 3,332.48 and a 200 day simple moving average of GBX 3,169.37.

Insider Activity

In related news, insider Alan Devine bought 1,485 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 3,365 per share, with a total value of £49,970.25. Company insiders own 0.38% of the company’s stock.

HarbourVest Global Private Equity Company Profile

HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders.

Our focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, with the strength of our balance sheet underpinning everything we do.

Our multi-layered investment approach creates diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate.