Bloomsbury Publishing (LON:BMY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Bloomsbury Publishing Plc (LON:BMY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 490.30 and traded as high as GBX 492.50. Bloomsbury Publishing shares last traded at GBX 487, with a volume of 1,862,866 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing has a consensus rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Stock Up 0.6%

The firm has a market capitalization of £396.40 million, a PE ratio of 17.77 and a beta of 0.66. The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04. The company has a 50-day moving average price of GBX 487.36 and a 200 day moving average price of GBX 490.30.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.