Braemar (LON:BMS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Braemar Plc (LON:BMS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 224.46 and traded as high as GBX 239. Braemar shares last traded at GBX 239, with a volume of 4,192 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 320 price objective on shares of Braemar in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 320.

Braemar Stock Up 0.4%

The stock has a market capitalization of £76.72 million, a P/E ratio of 37.58 and a beta of 0.46. The stock has a 50 day moving average price of GBX 231.54 and a 200-day moving average price of GBX 224.46. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23.

Insider Buying and Selling at Braemar

In other Braemar news, insider James Christopher Duchar Gundy sold 103,088 shares of the business’s stock in a transaction on 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.