NB Private Equity Partners (LON:NBPE) Stock Price Passes Above 50 Day Moving Average – Here’s Why

NB Private Equity Partners (LON:NBPE) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,414.57 and traded as high as GBX 1,490. NB Private Equity Partners shares last traded at GBX 1,488.95, with a volume of 36,435 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating on shares of NB Private Equity Partners in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

NB Private Equity Partners Price Performance

The stock has a 50-day moving average price of GBX 1,414.57 and a 200 day moving average price of GBX 1,470.54. The firm has a market cap of £624.12 million, a price-to-earnings ratio of 17.35 and a beta of 0.20. The company has a debt-to-equity ratio of 13.05, a current ratio of 4.29 and a quick ratio of 9.48.

Insider Buying and Selling

In related news, insider Pawan Dhir purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average price of GBX 1,380 per share, for a total transaction of £82,800. Also, insider Louisa Symington Mills bought 1,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of GBX 1,400 per share, for a total transaction of £14,000. Company insiders own 0.35% of the company’s stock.

NB Private Equity Partners Company Profile

NB Private Equity Partners (NBPE) is a London listed FTSE-250 investment company which invests directly in private companies alongside some of the world’s leading private equity managers.

Managed by Neuberger Berman, a leading private markets investor, NBPE leverages the strength of Neuberger Berman’s platform, relationships, deal flow and expertise to access the most attractive investment opportunities, providing shareholders with access to a portfolio of direct investments diversified by manager, sector, geography and size.