PensionBee Group (LON:PBEE) Stock Price Down 3% - What's Next?

Key Points

• PensionBee Group's shares experienced a 3% decline during trading, falling to GBX 162 ($2.15), with a trading volume decrease of 33% compared to its average.
• Equities analysts from Berenberg Bank and Canaccord Genuity both issued "buy" ratings for PensionBee, setting target prices at GBX 210 ($2.79) and GBX 217 ($2.88), respectively.
• Insider trading activity included the sale of 46,306 shares by Christoph Johannes Martin and the purchase of 3,115 shares by Lara Oyesanya, indicating a mix of confidence among company insiders.

Shares of PensionBee Group plc (LON:PBEE - Get Free Report) fell 3% during mid-day trading on Friday . The company traded as low as GBX 160 ($2.13) and last traded at GBX 162 ($2.15). 86,462 shares changed hands during trading, a decline of 33% from the average session volume of 128,149 shares. The stock had previously closed at GBX 167 ($2.22).

Analysts Set New Price Targets

PBEE has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 217 ($2.89) target price on shares of PensionBee Group in a report on Friday, April 25th. Berenberg Bank reiterated a "buy" rating and set a GBX 210 ($2.79) price objective on shares of PensionBee Group in a research report on Thursday, April 24th.

PensionBee Group Stock Up 2.2%

The company has a market cap of £385.27 million, a price-to-earnings ratio of -70.66, a price-to-earnings-growth 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. The stock's fifty day moving average is GBX 166.04 and its two-hundred day moving average is GBX 158.24.

Insider Buying and Selling at PensionBee Group

In other PensionBee Group news, insider Christoph Johannes Martin sold 46,306 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of GBX 162 ($2.15), for a total value of £75,015.72 ($99,741.68). Also, insider Lara Oyesanya bought 3,115 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was purchased at an average cost of GBX 159 ($2.11) per share, with a total value of £4,952.85 ($6,585.36). 47.19% of the stock is currently owned by corporate insiders.

About PensionBee Group

PensionBee is creating a global leader in the consumer retirement market with approximately £6.3 billion in assets on behalf of more than 286,000 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 $10 trillion in savings between them.