Bloomsbury Publishing (LON:BMY) Hits New 1-Year Low – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 440 and last traded at GBX 447, with a volume of 1771699 shares changing hands. The stock had previously closed at GBX 445.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Price Performance

The company’s 50 day moving average is GBX 483.03 and its 200 day moving average is GBX 487.76. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The stock has a market capitalization of £363.84 million, a price-to-earnings ratio of 16.31 and a beta of 0.66.

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.