Braemar (LON:BMS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Braemar Plc (LON:BMS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 222.71 and traded as high as GBX 245. Braemar shares last traded at GBX 245, with a volume of 26,794 shares.

Wall Street Analysts Forecast Growth

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

Braemar Price Performance

The stock has a market capitalization of £78.64 million, a price-to-earnings ratio of 21.95 and a beta of 0.46. The company has a 50 day moving average of GBX 225.44 and a 200 day moving average of GBX 222.71. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63.

Insider Transactions at Braemar

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

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.