Bridgepoint Group (LON:BPT) Hits New 1-Year High – Here’s Why

Bridgepoint Group plc (LON:BPT)’s stock price hit a new 52-week high on Wednesday. The company traded as high as GBX 397.12 and last traded at GBX 377.20, with a volume of 28388822 shares. The stock had previously closed at GBX 346.80.

Analysts Set New Price Targets

Several research analysts have issued reports on BPT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 485 price target on shares of Bridgepoint Group in a report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 360 price objective on shares of Bridgepoint Group in a research note on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Bridgepoint Group currently has an average rating of “Buy” and a consensus price target of GBX 413.75.

Bridgepoint Group Stock Up 2.1%

The business’s 50 day simple moving average is GBX 321.25 and its 200 day simple moving average is GBX 284.21. The company has a market capitalization of £3.52 billion, a PE ratio of 130.27, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39. The company has a quick ratio of 3.60, a current ratio of 16.31 and a debt-to-equity ratio of 53.71.

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.