Personal Assets (LON:PNL) Reaches New 1-Year High - Still a Buy?

Key Points

• Personal Assets (LON:PNL) achieved a new 52-week high, trading at GBX 524 ($7.06), with a market cap of £1.62 billion and a PE ratio of 1,501.85.
• Insiders have been actively purchasing shares, with 15,047 shares acquired valued at $7,701,933 over the last quarter, indicating potential confidence in the company's future performance.
• The company's investment policy focuses on protecting and increasing the value of shareholders' funds over the long term, highlighting its commitment to long-term wealth management for private investors.

Personal Assets (LON:PNL - )'s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 524 ($7.06) and last traded at GBX 519 ($6.99), with a volume of 522066 shares changing hands. The stock had previously closed at GBX 520.20 ($7.01).

Personal Assets Stock Down 0.2%

The company has a market cap of £1.62 billion, a PE ratio of 1,501.85 and a beta of 0.19. The firm's 50-day moving average is GBX 514.12 and its 200-day moving average is GBX 511.30.

Insider Buying and Selling

In other Personal Assets news, insider Iain Ferguson acquired 1,239 shares of the company's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of GBX 511 per share, with a total value of £6,331.29. Also, insider Gordon Joseph Neilly bought 136 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of GBX 511 per share, for a total transaction of £694.96. Over the last quarter, insiders have acquired 15,047 shares of company stock valued at $7,701,933. 0.46% of the stock is owned by insiders.

About Personal Assets

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders' funds per share over the long term.

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