Braemar (LON:BMS) Stock Passes Above 200-Day Moving Average – What’s Next?

Braemar Plc (LON:BMS) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 226.17 and traded as high as GBX 235. Braemar shares last traded at GBX 235, with a volume of 70,346 shares changing hands.

Analyst Ratings Changes

BMS has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 320 target price on shares of Braemar in a research note on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 price target on shares of Braemar in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 320.

Braemar Stock Performance

The stock has a fifty day moving average of GBX 235.69 and a 200-day moving average of GBX 226.16. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63. The firm has a market capitalization of £70.69 million, a P/E ratio of 34.75 and a beta of 0.50.

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.