Bloomsbury Publishing (LON:BMY) Shares Up 9.6% – Here’s Why

Bloomsbury Publishing Plc (LON:BMY)’s stock price traded up 9.6% during trading on Thursday . The stock traded as high as GBX 538 ($7.19) and last traded at GBX 535 ($7.15). 5,966,628 shares were traded during mid-day trading, an increase of 1,522% from the average session volume of 367,825 shares. The stock had previously closed at GBX 488 ($6.52).

Analyst Ratings Changes

BMY has been the subject of several recent analyst reports. Peel Hunt reissued a “buy” rating and set a GBX 815 target price on shares of Bloomsbury Publishing in a research note on Thursday, September 18th. Berenberg Bank reissued a “buy” rating and set a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bloomsbury Publishing presently has a consensus rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Price Performance

The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04. The stock has a 50 day moving average price of GBX 485.56 and a two-hundred day moving average price of GBX 517.78. The firm has a market capitalization of £414.31 million, a price-to-earnings ratio of 16.57 and a beta of 0.66.

Bloomsbury Publishing (LON:BMY) last issued its quarterly earnings data on Thursday, October 23rd. The company reported GBX 23.14 earnings per share for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. As a group, analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current year.

Insider Transactions at Bloomsbury Publishing

In other news, insider Nigel Newton acquired 20,300 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of GBX 488 per share, with a total value of £99,064. Also, insider Penny Scott-Bayfield sold 33,185 shares of Bloomsbury Publishing stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of GBX 476, for a total value of £157,960.60. Over the last three months, insiders acquired 48,915 shares of company stock valued at $23,401,003. Corporate insiders own 3.54% of the company’s stock.

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.