Bloomsbury Publishing (LON:BMY) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Bloomsbury Publishing Plc (LON:BMY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 512.74 and traded as high as GBX 515. Bloomsbury Publishing shares last traded at GBX 511, with a volume of 293,816 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BMY shares. Peel Hunt reissued a “buy” rating and issued a GBX 815 price objective on shares of Bloomsbury Publishing in a report on Thursday, September 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Trading Up 0.6%

The business has a fifty day moving average price of GBX 490.02 and a two-hundred day moving average price of GBX 512.74. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The firm has a market capitalization of £415.93 million, a PE ratio of 18.65 and a beta of 0.66.

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

Insider Buying and Selling

In related news, insider Nigel Newton acquired 20,300 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of GBX 488 per share, for a total transaction of £99,064. Also, insider Penny Scott-Bayfield sold 33,185 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of GBX 476, for a total transaction of £157,960.60. 3.54% of the stock is currently owned by insiders.

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.