Bloomsbury Publishing (LON:BMY) Price Target Raised to GBX 760 at Deutsche Bank Aktiengesellschaft

Bloomsbury Publishing (LON:BMY) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 760 in a research note issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 16.56% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 825 price target on shares of Bloomsbury Publishing in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 800.

Bloomsbury Publishing Price Performance

Shares of BMY traded up GBX 1 during midday trading on Friday, hitting GBX 652. 118,611 shares of the company traded hands, compared to its average volume of 1,078,482. The stock has a 50-day moving average of GBX 598.19 and a 200-day moving average of GBX 528.20. Bloomsbury Publishing has a one year low of GBX 435 and a one year high of GBX 660. The firm has a market cap of £530.70 million, a P/E ratio of 23.80 and a beta of 0.40. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.77 and a quick ratio of 1.04.

Bloomsbury Publishing (LON:BMY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share for the quarter. Bloomsbury Publishing had a return on equity of 12.74% and a net margin of 8.28%.The firm had revenue of £325.90 million for the quarter. As a group, sell-side analysts predict that Bloomsbury Publishing will post 2529.9999179 EPS for the current fiscal year.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.