Bridgepoint Group (LON:BPT) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Bridgepoint Group (LON:BPT) to a buy rating in a research note published on Thursday morning, Marketbeat reports. Citigroup currently has GBX 410 ($5.32) target price on the stock.

Bridgepoint Group Price Performance

Shares of LON BPT opened at GBX 338.40 ($4.39) on Thursday. The firm has a market cap of £2.79 billion, a P/E ratio of 61.47, a price-to-earnings-growth ratio of 0.61 and a beta of 1.72. The business’s 50 day moving average is GBX 359.06 and its 200-day moving average is GBX 346.36. The company has a current ratio of 4.98, a quick ratio of 3.60 and a debt-to-equity ratio of 12.89. Bridgepoint Group has a 1-year low of GBX 202.40 ($2.62) and a 1-year high of GBX 410 ($5.32).

Bridgepoint Group (LON:BPT) last posted its quarterly earnings data on Thursday, March 13th. The company reported GBX 19.50 ($0.25) earnings per share for the quarter. Bridgepoint Group had a return on equity of 6.10% and a net margin of 16.74%. Equities research analysts predict that Bridgepoint Group will post 17.4062165 earnings per share for the current year.

Bridgepoint Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.43%. Bridgepoint Group’s payout ratio is presently 163.50%.

About Bridgepoint Group

Bridgepoint Group plc is a private equity and private credit firm specializing in middle market, small mid cap, small cap, growth capital, buyouts investments, syndicate debt, infrastructure, direct lending and credit opportunities in private credit investments. It prefers to invest in advanced industrials, automation, agricultural sciences, energy transition enablers, business services, financial services, professional services, testing inspection and certification, information services, consumer, digital brands, video games, wellbeing products, health care, pharma and MedTech outsourced services, pharma products, and MedTech Products sectors.