Bloomsbury Publishing (LON:BMY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 494.45 and traded as high as GBX 500. Bloomsbury Publishing shares last traded at GBX 484, with a volume of 183,672 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BMY shares. Peel Hunt restated a “buy” rating and issued a GBX 815 price target on shares of Bloomsbury Publishing in a research report on Thursday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Trading Up 1.4%

The stock has a fifty day moving average of GBX 493.73 and a 200-day moving average of GBX 494.45. 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 company has a market cap of £399.65 million, a PE ratio of 17.92 and a beta of 0.66.

Bloomsbury Publishing (LON:BMY) last released its earnings results on Thursday, October 23rd. The company reported GBX 23.14 earnings per share for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. Sell-side analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

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.