B.P. Marsh & Partners PLC (LON:BPM – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 668.55 and traded as high as GBX 672. B.P. Marsh & Partners shares last traded at GBX 672, with a volume of 3,061 shares.
B.P. Marsh & Partners Stock Performance
The stock has a market capitalization of £236.94 million, a P/E ratio of 2.50 and a beta of 0.20. The firm has a 50-day moving average price of GBX 661.29 and a 200 day moving average price of GBX 668.55.
B.P. Marsh & Partners declared that its Board of Directors has approved a share repurchase plan on Thursday, March 26th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
B.P. Marsh & Partners Company Profile
B.P. Marsh & Partners PLC is a specialist venture capital / private equity investor in early stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. It considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.
The Group invests amounts of up to £5m in the first round. Investment structure is flexible and investment stage ranges from start up to more developed.
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