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

Braemar Plc (LON:BMS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 222.82 and traded as high as GBX 239.82. Braemar shares last traded at GBX 231, with a volume of 18,208 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 320 target price on shares of Braemar in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Braemar currently has an average rating of “Buy” and an average target price of GBX 320.

Braemar Trading Up 0.4%

The company has a 50-day simple moving average of GBX 225.98 and a 200-day simple moving average of GBX 222.82. The company has a debt-to-equity ratio of 41.63, a quick ratio of 1.23 and a current ratio of 1.66. The stock has a market cap of £74.15 million, a P/E ratio of 36.32 and a beta of 0.46.

Insider Activity at Braemar

In related news, insider James Christopher Duchar Gundy sold 103,088 shares of Braemar stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 220, for a total transaction of £226,793.60. 17.26% of the stock is currently owned by company insiders.

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.