Bloomsbury Publishing (LON:BMY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Bloomsbury Publishing Plc (LON:BMY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 490.30 and traded as high as GBX 492.50. Bloomsbury Publishing shares last traded at GBX 487, with a volume of 1,862,866 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 825 price target on shares of Bloomsbury Publishing in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing presently has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Stock Performance

The company has a market cap of £396.40 million, a P/E ratio of 17.77 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10. The company has a 50 day moving average price of GBX 487.50 and a 200-day moving average price of GBX 490.25.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.