Braemar (LON:BMS) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Braemar Plc (LON:BMS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 225.37 and traded as high as GBX 245. Braemar shares last traded at GBX 235, with a volume of 967 shares trading hands.

Wall Street Analyst Weigh In

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

Braemar Stock Performance

The company has a debt-to-equity ratio of 41.63, a quick ratio of 1.23 and a current ratio of 1.66. The firm has a market cap of £76.77 million, a price-to-earnings ratio of 37.74 and a beta of 0.50. The stock’s fifty day moving average is GBX 234.84 and its two-hundred day moving average is GBX 225.47.

Insiders Place Their Bets

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 220, for a total transaction of £226,793.60. Insiders own 16.53% of the company’s stock.

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.