Bloomsbury Publishing (LON:BMY) Hits New 12-Month High – What’s Next?

Bloomsbury Publishing Plc (LON:BMY)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 640.50 and last traded at GBX 639, with a volume of 130856 shares traded. The stock had previously closed at GBX 620.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 825 target price on shares of Bloomsbury Publishing in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing currently has a consensus rating of “Buy” and a consensus target price of GBX 820.

Bloomsbury Publishing Stock Performance

The stock has a market capitalization of £517.68 million, a PE ratio of 23.21 and a beta of 0.40. The company has a debt-to-equity ratio of 14.44, a current ratio of 1.63 and a quick ratio of 1.04. The business’s fifty day moving average price is GBX 591.11 and its 200-day moving average price is GBX 522.53.

Bloomsbury Publishing (LON:BMY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 6.63% and a return on equity of 10.70%. The firm had revenue of £325.90 million for the quarter. As a group, equities research analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current year.

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.