Braemar (LON:BMS) Shares Pass Above 200 Day Moving Average – Here’s Why

Braemar Plc (LON:BMS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.81 and traded as high as GBX 237. Braemar shares last traded at GBX 237, with a volume of 59,865 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research note on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 320 target price on shares of Braemar in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Braemar has a consensus rating of “Buy” and an average price target of GBX 320.

Braemar Price Performance

The firm’s fifty day simple moving average is GBX 236.44 and its 200 day simple moving average is GBX 225.81. The firm has a market cap of £75.81 million, a P/E ratio of 37.26 and a beta of 0.50. The company has a debt-to-equity ratio of 41.63, a quick ratio of 1.23 and a current ratio of 1.66.

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.