Braemar (LON:BMS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Braemar Plc (LON:BMS – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 229.62 and traded as high as GBX 247. Braemar shares last traded at GBX 246, with a volume of 105,627 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and set a GBX 320 price target on shares of Braemar in a research report on Tuesday, September 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Braemar has an average rating of “Buy” and an average price target of GBX 320.

View Our Latest Stock Report on BMS

Braemar Stock Performance

The stock’s 50-day moving average price is GBX 229.83 and its 200-day moving average price is GBX 229.78. The company has a market cap of £78.69 million, a P/E ratio of 38.68 and a beta of 0.50. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23.

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.

Further Reading

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