Braemar (LON:BMS) Shares Cross Above 200-Day Moving Average – Here’s Why

Braemar Plc (LON:BMS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.21 and traded as high as GBX 228. Braemar shares last traded at GBX 228, with a volume of 847 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BMS. Canaccord Genuity Group restated a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 price target on shares of Braemar in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 320.

Braemar Trading Down 2.2%

The firm has a market capitalization of £70.37 million, a PE ratio of 34.59 and a beta of 0.50. The firm has a 50 day simple moving average of GBX 232.54 and a 200 day simple moving average of GBX 226.21. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 41.63.

Braemar Company Profile

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.