PensionBee Group (LON:PBEE) Trading 5.7% Higher – Here’s What Happened

PensionBee Group plc (LON:PBEE)’s share price rose 5.7% during trading on Monday . The stock traded as high as GBX 157.50 ($1.97) and last traded at GBX 157.42 ($1.97). Approximately 88,926 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 206,956 shares. The stock had previously closed at GBX 149 ($1.87).

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PBEE. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 217 ($2.72) price target on shares of PensionBee Group in a report on Monday, December 2nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 217 ($2.72) target price on shares of PensionBee Group in a report on Monday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.63) price target on shares of PensionBee Group in a report on Thursday, October 24th.

PensionBee Group Price Performance

The stock has a 50 day moving average price of GBX 160.21 and a two-hundred day moving average price of GBX 163.64. The company has a market capitalization of £354.56 million, a PE ratio of -7,871.00, a P/E/G ratio of -0.09 and a beta of 0.37. The company has a debt-to-equity ratio of 2.45, a quick ratio of 7.03 and a current ratio of 4.23.

PensionBee Group Company Profile

PensionBee is a leading online pension provider, making pension management easy for its customers while they save for a happy retirement. PensionBee helps its customers combine their old pension pots, make flexible contributions, invest in line with their goals and values and make withdrawals from the age of 55 (increasing to 57 in 2028).