Braemar (LON:BMS) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Braemar Plc (LON:BMSGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 227.68 and traded as high as GBX 229. Braemar shares last traded at GBX 222, with a volume of 42,531 shares trading hands.

Analyst Ratings Changes

BMS has been the topic of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 320 price target on shares of Braemar in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 320 price objective on shares of Braemar in a report on Thursday, July 2nd. 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 a consensus price target of GBX 320.

Check Out Our Latest Report on Braemar

Braemar Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63. The stock has a market cap of £73.57 million, a P/E ratio of 36.16 and a beta of 0.50. The business’s 50-day simple moving average is GBX 227.63 and its two-hundred day simple moving average is GBX 227.79.

About Braemar

(Get Free Report)

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.

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