Berenberg Bank Reiterates “Buy” Rating for Bloomsbury Publishing (LON:BMY)

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report released on Thursday, Marketbeat reports. They presently have a GBX 825 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 61.13% from the stock’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Bloomsbury Publishing in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Stock Down 0.6%

BMY opened at GBX 512 on Thursday. The stock has a market cap of £416.75 million, a PE ratio of 16.67 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10. Bloomsbury Publishing has a 52 week low of GBX 460 and a 52 week high of GBX 766. The business’s fifty day simple moving average is GBX 487.12 and its 200 day simple moving average is GBX 517.38.

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

Insider Activity

In other news, insider John Bason bought 11,677 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of GBX 471 per share, for a total transaction of £54,998.67. Also, insider Penny Scott-Bayfield sold 33,185 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 476, for a total transaction of £157,960.60. In the last ninety days, insiders have purchased 48,915 shares of company stock valued at $23,401,003. Company insiders own 3.54% of the company’s stock.

Bloomsbury Publishing Company Profile

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.