PensionBee Group (LON:PBEE) Trading 11.1% Higher – Here’s Why

PensionBee Group plc (LON:PBEE)’s share price shot up 11.1% on Thursday . The company traded as high as GBX 150 and last traded at GBX 150. 178,602 shares changed hands during trading, an increase of 12% from the average session volume of 159,583 shares. The stock had previously closed at GBX 135.

Analysts Set New Price Targets

PBEE has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 175 target price on shares of PensionBee Group in a research report on Tuesday, July 28th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of PensionBee Group in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 217 price objective on shares of PensionBee Group in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, PensionBee Group currently has an average rating of “Buy” and an average price target of GBX 200.67.

PensionBee Group Stock Performance

The business’s fifty day moving average price is GBX 130.22 and its two-hundred day moving average price is GBX 142.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.03 and a current ratio of 9.34. The stock has a market capitalization of £358.29 million, a P/E ratio of -125.00, a P/E/G ratio of -0.09 and a beta of 0.43.

PensionBee Group Company Profile

PensionBee is creating a global leader in the consumer retirement market with approximately £8.6 billion (approximately $11 billion) in assets on behalf of approximately 327,000 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 $11 trillion in savings between them.