Braemar (LON:BMS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Braemar Plc (LON:BMS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 222.71 and traded as high as GBX 245. Braemar shares last traded at GBX 245, with a volume of 26,794 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 320 target price on shares of Braemar in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Braemar presently has a consensus rating of “Buy” and a consensus target price of GBX 320.

Braemar Stock Performance

The stock has a market capitalization of £76.72 million, a price-to-earnings ratio of 21.42 and a beta of 0.46. The firm has a fifty day moving average of GBX 225.55 and a 200 day moving average of GBX 222.83. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23.

Insider Buying and Selling

In related news, insider James Christopher Duchar Gundy sold 103,088 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 220, for a total transaction of £226,793.60. 17.26% of the stock is currently owned by company insiders.

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.

For more information, including our investor presentation, please visit www.braemar.com.