Canaccord Genuity Group Issues Pessimistic Forecast for Personal Group (LON:PGH) Stock Price

Key Points

• Canaccord Genuity cut its price target on Personal Group (LON:PGH) slightly from GBX 416 to GBX 415 but retained a Buy rating, implying about a 24.62% upside from the current price.
• Peel Hunt reiterated a Hold with a GBX 630 target; the stock's consensus rating is "Moderate Buy" with an average price target of GBX 522.50 based on one Buy and one Hold.
• PGH opened at GBX 333 (up 10.3% on the day), with a 12‑month range of GBX 216.25–404, a market cap of £103.9 million and a PE ratio of 13.88.

Personal Group (LON:PGH - Get Free Report) had its price target reduced by analysts at Canaccord Genuity Group from GBX 416 to GBX 415 in a report released on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 24.62% from the company's current price.

Separately, Peel Hunt reiterated a "hold" rating and issued a GBX 630 target price on shares of Personal Group in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 522.50.

Personal Group Stock Up 10.3%

Shares of PGH stock opened at GBX 333 on Tuesday. Personal Group has a 12 month low of GBX 216.25 and a 12 month high of GBX 404. The company has a market cap of £103.90 million, a PE ratio of 13.88 and a beta of 0.32. The business's 50 day moving average is GBX 314.13 and its two-hundred day moving average is GBX 325.51.

Personal Group Company Profile

Personal Group Holdings Plc AIM: PGH is a workforce benefits and health insurance provider. Its vision is to be the champion of affordable and accessible insurance and benefits, keeping businesses and their employees happy, healthy and protected. The Group is proud to support the health and wellbeing of c. 1.25 million UK employees. The Group's insurance provides employees with access to affordable, individual policies for hospital, recovery and death benefit plans. The Group's award-winning benefits platform, Hapi, brings together extensive employee benefits, discounts and rewards, in one responsive platform.

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