Bloomsbury Publishing (LON:BMY) Hits New 12-Month High – What’s Next?

Bloomsbury Publishing Plc (LON:BMYGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 640.50 and last traded at GBX 639, with a volume of 130856 shares trading hands. The stock had previously closed at GBX 620.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Bloomsbury Publishing

Bloomsbury Publishing Trading Up 2.6%

The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 14.44. The firm’s 50-day simple moving average is GBX 591.11 and its 200-day simple moving average is GBX 522.53. The firm has a market capitalization of £517.68 million, a P/E ratio of 23.21 and a beta of 0.40.

Bloomsbury Publishing (LON:BMYGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 EPS for the quarter. Bloomsbury Publishing had a net margin of 6.63% and a return on equity of 10.70%. The business had revenue of £325.90 million for the quarter. Analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current year.

About Bloomsbury Publishing

(Get Free Report)

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.

Further Reading

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