Experian (LON:EXPN) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Experian's shares have crossed above the 200-day moving average, reaching a high of GBX 3,860 ($52.01) before settling at GBX 3,834.39 ($51.66).
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Experian, with a target price of GBX 4,325.50.
• Insider Esther Lee purchased 555 shares at an average price of GBX 5,172 per share, reflecting confidence in the company’s prospects.

Experian plc (LON:EXPN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,745.63 ($50.46) and traded as high as GBX 3,860 ($52.00). Experian shares last traded at GBX 3,834.39 ($51.66), with a volume of 3,518,927 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXPN. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 4,200 target price on shares of Experian in a research note on Wednesday, July 16th. Citigroup boosted their target price on shares of Experian from GBX 4,091 to GBX 4,102 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Shore Capital reissued a "buy" rating on shares of Experian in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Experian presently has a consensus rating of "Moderate Buy" and an average target price of GBX 4,325.50.

Experian Stock Down 0.9%

The business's 50 day moving average is GBX 3,885.43 and its 200 day moving average is GBX 3,746.97. The company has a debt-to-equity ratio of 109.43, a quick ratio of 0.76 and a current ratio of 0.79. The stock has a market cap of £34.71 billion, a price-to-earnings ratio of 3,003.70, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72.

Insider Buying and Selling

In other news, insider Esther Lee acquired 555 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of GBX 5,172 per share, with a total value of £28,704.60. Corporate insiders own 0.63% of the company's stock.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software.