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

Braemar (LON:BMS)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 320 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 34.45% from the company’s current price.

Braemar Price Performance

Shares of Braemar stock traded up GBX 3 during trading on Thursday, hitting GBX 238. The stock had a trading volume of 32,612 shares, compared to its average volume of 58,687. The company has a debt-to-equity ratio of 40.96, a current ratio of 1.73 and a quick ratio of 1.23. The firm has a market cap of £76.40 million, a P/E ratio of 21.33 and a beta of 0.46. The business has a fifty day moving average of GBX 224.40 and a two-hundred day moving average of GBX 222.32. Braemar has a fifty-two week low of GBX 203.11 and a fifty-two week high of GBX 265.

Insiders Place Their Bets

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 220, for a total transaction of £226,793.60. Insiders own 17.26% 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.