Canaccord Genuity Group Reiterates “Buy” Rating for Braemar (LON:BMS)

Braemar (LON:BMS)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 320 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 39.13% from the company’s previous close.

Braemar Stock Down 3.4%

Shares of LON BMS opened at GBX 230 on Wednesday. Braemar has a 12-month low of GBX 195 and a 12-month high of GBX 284. The company has a market capitalization of £70.08 million, a PE ratio of 13.87 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23. The firm’s 50-day moving average is GBX 243.28 and its two-hundred day moving average is GBX 239.27.

About Braemar

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.