Braemar (LON:BMS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Braemar Plc (LON:BMS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 239.30 and traded as high as GBX 240. Braemar shares last traded at GBX 238, with a volume of 24,998 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 320 target price on shares of Braemar in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 320.

Braemar Trading Down 4.2%

The company has a market capitalization of £69.47 million, a price-to-earnings ratio of 13.75 and a beta of 1.17. The firm has a 50-day moving average price of GBX 242.80 and a 200-day moving average price of GBX 239.30. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61.

Braemar (LON:BMS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported GBX 9.30 EPS for the quarter. Braemar had a return on equity of 5.78% and a net margin of 3.03%. As a group, sell-side analysts predict that Braemar Plc will post 33.0310881 EPS for the current year.

Braemar Company Profile

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.