Personal Group (LON:PGH) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Personal Group (LON:PGH) in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a GBX 209 ($2.80) target price on the stock.

Personal Group Stock Performance

Shares of PGH opened at GBX 166.50 ($2.23) on Tuesday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 2.78 and a current ratio of 2.39. The company has a market capitalization of £51.86 million, a PE ratio of 1,193.57 and a beta of 0.46. The stock’s 50-day moving average is GBX 163.18 and its 200-day moving average is GBX 166.60.

Personal Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be issued a dividend of GBX 6.50 ($0.09) per share. This represents a dividend yield of 3.99%. The ex-dividend date is Thursday, October 3rd. This is a boost from Personal Group’s previous dividend of $5.85. Personal Group’s payout ratio is 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.