Braemar (LON:BMS) Shares Cross Below 200 Day Moving Average – Should You Sell?

Braemar Plc (LON:BMS)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 234.56 and traded as low as GBX 227. Braemar shares last traded at GBX 227, with a volume of 1,944 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 320 price target on shares of Braemar in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 320.

Braemar Price Performance

The company has a market capitalization of £70.56 million, a PE ratio of 20.34 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61. The firm’s 50-day moving average is GBX 228.75 and its 200-day moving average is GBX 234.54.

Braemar (LON:BMS) last released its quarterly earnings results on Wednesday, November 5th. The company reported GBX 9.30 earnings per share for the quarter. Braemar had a return on equity of 5.78% and a net margin of 3.03%. Equities analysts predict that Braemar Plc will post 33.0310881 earnings per share for the current fiscal year.

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.