Braemar (LON:BMS) Sets New 12-Month High – Time to Buy?

Braemar Plc (LON:BMS – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 250 and last traded at GBX 246, with a volume of 217,512 shares. The stock had previously closed at GBX 238.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 320 price objective on shares of Braemar in a report on Wednesday. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 320.

View Our Latest Report on Braemar

Braemar Trading Up 3.4%

The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 41.63. The stock has a 50-day simple moving average of GBX 232.34 and a two-hundred day simple moving average of GBX 227.45. The firm has a market capitalization of £78.69 million, a P/E ratio of 38.68 and a beta of 0.50.

About Braemar

(Get Free Report)

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers’ needs, and provide an integrated service supported by a collaborative culture.

For more information, including our investor presentation, please visit www.braemar.com.

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