Personal Group (LON:PGH) Shares Pass Above 50 Day Moving Average – Time to Sell?

Personal Group Holdings Plc (LON:PGH) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 170.90 ($2.22) and traded as high as GBX 190 ($2.46). Personal Group shares last traded at GBX 190 ($2.46), with a volume of 21,939 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group initiated coverage on Personal Group in a research report on Tuesday, September 24th. They set a “buy” rating and a GBX 209 ($2.71) price objective on the stock.

Personal Group Price Performance

The firm’s fifty day simple moving average is GBX 172.69 and its two-hundred day simple moving average is GBX 169.68. The company has a quick ratio of 2.78, a current ratio of 2.39 and a debt-to-equity ratio of 3.52. The firm has a market cap of £59.65 million, a PE ratio of 1,367.86 and a beta of 0.46.

Personal Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 6.50 ($0.08) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 3.99%. This is an increase from Personal Group’s previous dividend of $5.85. Personal Group’s dividend payout ratio is currently 8,571.43%.

About Personal Group

Personal Group Holdings Plc provides benefits and platform products, pay and reward consultancy services, and salary sacrifice technology products in the United Kingdom. It operates through four segments: Affordable Insurance, Other Owned Benefits, Benefits Platform, and Pay and Reward. The company offers insurance products, including hospital plans, convalescence plans, and death benefit policies; and consultancy and software solutions services on pay and reward services, as well as a suite of cloud-based SaaS solutions and surveys.