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

Shares of Braemar Plc (LON:BMS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 222.75 and traded as high as GBX 243. Braemar shares last traded at GBX 235, with a volume of 54,143 shares changing hands.

Wall Street Analysts Forecast Growth

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

Braemar Trading Down 2.9%

The firm has a market cap of £75.43 million, a price-to-earnings ratio of 36.95 and a beta of 0.46. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23. The firm’s fifty day moving average is GBX 227.51 and its 200-day moving average is GBX 222.75.

Insider Buying and Selling at Braemar

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 220, for a total transaction of £226,793.60. Corporate insiders own 16.48% of the company’s stock.

About Braemar

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.