B.P. Marsh & Partners (LON:BPM) Stock Passes Above 200 Day Moving Average – Here’s Why

B.P. Marsh & Partners PLC (LON:BPM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 521.14 ($6.76) and traded as high as GBX 610 ($7.91). B.P. Marsh & Partners shares last traded at GBX 602.50 ($7.81), with a volume of 47,518 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their target price on B.P. Marsh & Partners from GBX 560 ($7.26) to GBX 625 ($8.11) and gave the stock a “buy” rating in a research note on Wednesday, July 3rd.

B.P. Marsh & Partners Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 21.03 and a current ratio of 52.25. The company has a market capitalization of £222.02 million, a PE ratio of 528.51 and a beta of 0.71. The company’s 50-day moving average is GBX 547.21 and its 200 day moving average is GBX 521.14.

Insider Activity

In other news, insider Daniel Topping acquired 1,212 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of GBX 558 ($7.24) per share, for a total transaction of £6,762.96 ($8,770.54). In other news, insider Alice Hannah Daisy Foulk sold 27,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of GBX 526 ($6.82), for a total transaction of £143,072 ($185,542.73). Also, insider Daniel Topping acquired 1,212 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of GBX 558 ($7.24) per share, for a total transaction of £6,762.96 ($8,770.54). Corporate insiders own 82.33% of the company’s stock.

About B.P. Marsh & Partners

B.P. Marsh & Partners PLC invests in early-stage financial services intermediary businesses in the United Kingdom and internationally. It provides consulting and financing services; makes and trades in investments; and invests in insurance intermediaries, financial advisors, wealth and fund managers, and specialist advisory and consultancy firms.