Braemar (LON:BMS) Earns Buy Rating from Canaccord Genuity Group

Braemar (LON:BMS)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, MarketBeat reports. They currently have a GBX 320 price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 35.74% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 target price on shares of Braemar in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 320.

Braemar Stock Up 1.2%

Shares of LON:BMS opened at GBX 235.75 on Tuesday. The firm has a market cap of £75.41 million, a PE ratio of 37.07 and a beta of 0.50. The company has a fifty day simple moving average of GBX 225.79 and a 200 day simple moving average of GBX 228.63. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 41.63. Braemar has a 12-month low of GBX 203.11 and a 12-month high of GBX 249.

About Braemar

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.