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

Braemar Plc (LON:BMS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 224.46 and traded as high as GBX 239. Braemar shares last traded at GBX 239, with a volume of 4,192 shares changing hands.

Wall Street Analyst Weigh In

BMS has been the topic of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 320 price target on shares of Braemar in a research note on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 target price on shares of Braemar in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Braemar has a consensus rating of “Buy” and a consensus target price of GBX 320.

Braemar Price Performance

The firm has a market cap of £78.64 million, a PE ratio of 38.52 and a beta of 0.46. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 41.63. The company has a 50 day moving average price of GBX 231.92 and a 200 day moving average price of GBX 224.58.

Insider Buying and Selling

In related news, insider James Christopher Duchar Gundy sold 103,088 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 220, for a total value of £226,793.60. Insiders own 16.48% of the company’s stock.

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.