The Bankers Investment Trust (LON:BNKR) Hits New 52-Week High - Time to Buy?

Key Points

• 52‑week high: The stock hit a new 52‑week high at GBX 142.36 (last GBX 142), up about 2.2% on volume of ~1.07M shares and trading above its 50‑day (GBX 134.51) and 200‑day (GBX 133.30) moving averages.
• Valuation and size: Market capitalization is ~£1.36 billion with a P/E of 7.08 and a beta of 0.58, implying relatively low volatility and a modest valuation.
• Insider buying: Two insiders recently purchased shares — Ankush Nandra (231 shares at GBX 132) and Richard West (514 shares at ~£132.45) — though insiders still own only 0.04% of the company.

Shares of The Bankers Investment Trust PLC (LON:BNKR - ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 142.36 and last traded at GBX 142, with a volume of 1067872 shares trading hands. The stock had previously closed at GBX 140.40.

The Bankers Investment Trust Stock Up 2.2%

The company has a market capitalization of £1.36 billion, a P/E ratio of 7.08 and a beta of 0.58. The business has a 50 day simple moving average of GBX 134.51 and a 200-day simple moving average of GBX 133.30.

Insiders Place Their Bets

In related news, insider Ankush Nandra bought 231 shares of the business's stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £304.92. Also, insider Richard West acquired 514 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of £132.45 per share, for a total transaction of £68,079.30. Company insiders own 0.04% of the company's stock.

About The Bankers Investment Trust

Over the long term, the Company aims to achieve capital growth in excess of the FTSE World Index and dividend growth greater than inflation, as measured by the UK Consumer Price Index (‘CPI'), by investing in companies listed throughout the world.

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.