Canaccord Genuity Group Issues Pessimistic Forecast for Braemar (LON:BMS) Stock Price

Braemar (LON:BMS) had its target price decreased by equities researchers at Canaccord Genuity Group from GBX 350 ($4.71) to GBX 320 ($4.31) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 33.89% from the company’s previous close.

Braemar Stock Performance

LON BMS opened at GBX 239 ($3.22) on Thursday. The firm has a market cap of £77.12 million, a P/E ratio of 15.53 and a beta of 1.17. Braemar has a 52-week low of GBX 195 ($2.62) and a 52-week high of GBX 315 ($4.24). The business’s 50-day moving average price is GBX 236.74 and its 200 day moving average price is GBX 247.38. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61.

Braemar (LON:BMS) last announced its earnings results on Thursday, May 29th. The company reported GBX 31.30 ($0.42) earnings per share for the quarter. Braemar had a return on equity of 5.78% and a net margin of 3.03%. On average, equities research analysts expect that Braemar will post 33.0310881 earnings per share for the current year.

Braemar Company Profile

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.