HarbourVest Global Private Equity (LON:HVPE) Reaches New 1-Year High – Should You Buy?

Shares of HarbourVest Global Private Equity Ltd. (LON:HVPE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,470 and last traded at GBX 3,457.75, with a volume of 54059 shares traded. The stock had previously closed at GBX 3,430.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of HarbourVest Global Private Equity in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

HarbourVest Global Private Equity Trading Up 0.3%

The firm has a market capitalization of £2.39 billion, a PE ratio of 7.53 and a beta of 0.43. The company’s 50-day moving average price is GBX 3,364.64 and its 200-day moving average price is GBX 3,195.17. The company has a debt-to-equity ratio of 13.36, a quick ratio of 143.41 and a current ratio of 9.08.

Insider Buying and Selling

In other news, insider Alan Devine acquired 1,485 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 3,365 per share, with a total value of £49,970.25. 0.38% of the stock is owned by corporate insiders.

HarbourVest Global Private Equity Company Profile

HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders.

Our focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, with the strength of our balance sheet underpinning everything we do.

Our multi-layered investment approach creates diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate.