Bloomsbury Publishing (LON:BMY) Shares Up 9.6% – Time to Buy?

Bloomsbury Publishing Plc (LON:BMY)’s stock price shot up 9.6% during mid-day trading on Thursday . The stock traded as high as GBX 538 ($7.16) and last traded at GBX 535 ($7.12). 5,966,628 shares traded hands during mid-day trading, an increase of 1,522% from the average session volume of 367,825 shares. The stock had previously closed at GBX 488 ($6.50).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BMY. Peel Hunt reaffirmed a “buy” rating and issued a GBX 815 price objective on shares of Bloomsbury Publishing in a research report on Thursday, September 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a report on Thursday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing presently has an average rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Price Performance

The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52. The stock has a market cap of £416.75 million, a price-to-earnings ratio of 16.67 and a beta of 0.66. 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 issued its quarterly earnings data on Thursday, October 23rd. The company reported GBX 23.14 EPS for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. Research analysts predict that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

Insider Activity at Bloomsbury Publishing

In related news, insider John Bason bought 11,677 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of GBX 471 per share, for a total transaction of £54,998.67. Also, insider Penny Scott-Bayfield sold 33,185 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 476, for a total transaction of £157,960.60. In the last 90 days, insiders have acquired 48,915 shares of company stock worth $23,401,003. Company insiders own 3.54% of the company’s stock.

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.