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

Braemar Plc (LON:BMSGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 228.18 and traded as high as GBX 230. Braemar shares last traded at GBX 222, with a volume of 39,860 shares.

Analyst Ratings Changes

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

Get Our Latest Analysis on Braemar

Braemar Stock Up 3.6%

The stock has a market capitalization of £73.57 million, a PE ratio of 36.16 and a beta of 0.50. The firm’s fifty day moving average is GBX 225.97 and its 200-day moving average is GBX 228.19. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63.

About Braemar

(Get Free Report)

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.

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