PensionBee Group's (PBEE) Buy Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reiterated its “buy” rating on PensionBee Group and set a GBX 217 price target, implying 52.64% potential upside from the prior close.
• Analyst sentiment remains positive: PensionBee has a consensus “Buy” rating from three analysts, with an average target price of GBX 200.67.
• PensionBee reported GBX 3.45 quarterly EPS but continues to show negative profitability, including an 8.36% return on equity and a 6.69% net margin; analysts expect a full-year loss.

PensionBee Group (LON:PBEE - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Friday,Digital Look reports. They presently have a GBX 217 target price on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 52.64% from the company's previous close.

Other research analysts have also issued reports about the stock. 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 set a GBX 210 price target on shares of PensionBee Group in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 200.67.

PensionBee Group Stock Performance

LON:PBEE opened at GBX 142.16 on Friday. The business's 50-day moving average price is GBX 130.98 and its two-hundred day moving average price is GBX 142.07. PensionBee Group has a twelve month low of GBX 119 and a twelve month high of GBX 171.50. The stock has a market cap of £339.57 million, a P/E ratio of -118.47, a PEG ratio of -0.09 and a beta of 0.44. The company has a quick ratio of 7.03, a current ratio of 9.34 and a debt-to-equity ratio of 0.35.

PensionBee Group (LON:PBEE - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported GBX 3.45 earnings per share (EPS) for the quarter. PensionBee Group had a negative return on equity of 8.36% and a negative net margin of 6.69%. As a group, equities analysts predict that PensionBee Group will post -9.3899999 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source