Royal Bank Of Canada Begins Coverage on PensionBee Group (LON:PBEE)

Key Points

• Royal Bank of Canada has initiated coverage on PensionBee Group, assigning a "sector perform" rating and setting a price target of GBX 170, which implies a potential upside of 3.66% from its current stock price.
• PensionBee Group's stock opened at GBX 164, experiencing a 2.5% increase, while the company has a market capitalization of £388.90 million and significant insider trading activity.
• PensionBee, founded in 2014, manages approximately £6.3 billion in assets for over 286,000 customers, aiming to enhance pension confidence among consumers.

Equities research analysts at Royal Bank Of Canada started coverage on shares of PensionBee Group (LON:PBEE - Get Free Report) in a research note issued on Wednesday,Digital Look reports. The brokerage set a "sector perform" rating and a GBX 170 price target on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 3.66% from the company's current price.

PensionBee Group Stock Up 2.5%

PensionBee Group stock opened at GBX 164 on Wednesday. The business has a fifty day moving average of GBX 160.21 and a two-hundred day moving average of GBX 158.28. The company has a quick ratio of 7.03, a current ratio of 4.23 and a debt-to-equity ratio of 2.45. The firm has a market cap of £388.90 million, a P/E ratio of -8,723.40, a P/E/G ratio of -0.09 and a beta of 0.37. PensionBee Group has a twelve month low of GBX 131 and a twelve month high of GBX 191.

PensionBee Group (LON:PBEE - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported GBX (2.14) earnings per share for the quarter. PensionBee Group had a negative return on equity of 36.87% and a negative net margin of 18.26%. On average, analysts forecast that PensionBee Group will post -9.3899999 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PensionBee Group news, insider Romi Savova sold 127,972 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 149, for a total transaction of £190,678.28. Also, insider Jonathan Lister Parsons sold 89,174 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 149, for a total value of £132,869.26. 37.79% of the stock is owned by corporate insiders.

PensionBee Group Company Profile

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.

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