Braemar (LON:BMS) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Braemar Plc (LON:BMS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 231.03 and traded as low as GBX 210. Braemar shares last traded at GBX 211, with a volume of 17,845 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 320.

Braemar Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61. The stock’s 50 day moving average is GBX 218.35 and its 200 day moving average is GBX 231.03. The stock has a market capitalization of £67.73 million, a price-to-earnings ratio of 18.91 and a beta of 1.17.

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.

For more information, including our investor presentation, please visit www.braemar.com.