Personal Group (LON:PGH) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Personal Group Holdings Plc shares have recently surpassed their 50-day moving average, indicating a potential bullish trend, as they traded at GBX 373 ($5.02) against a moving average of GBX 315.69 ($4.25).
• Analyst ratings have improved, with Canaccord Genuity increasing their price target to GBX 368 and reaffirming a "buy" rating, contributing to an average rating of "Buy" among two other analysts.
• The company's market capitalization stands at £115.28 million, with a PE ratio of 25.09, reflecting a relatively stable trading environment.

Shares of Personal Group Holdings Plc (LON:PGH - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 315.69 ($4.26) and traded as high as GBX 377 ($5.09). Personal Group shares last traded at GBX 373 ($5.04), with a volume of 45,468 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their target price on Personal Group from GBX 316 to GBX 368 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Personal Group presently has an average rating of "Buy" and an average target price of GBX 288.50.

Personal Group Price Performance

The company has a market capitalization of £115.19 million, a price-to-earnings ratio of 25.07 and a beta of 0.46. The firm has a 50-day moving average price of GBX 321.65 and a two-hundred day moving average price of GBX 273.28.

About Personal Group

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.