Bloomsbury Publishing (LON:BMY) Reaches New 52-Week Low – Should You Sell?

Bloomsbury Publishing Plc (LON:BMY) reached a new 52-week low on Wednesday . The stock traded as low as GBX 420.67 and last traded at GBX 622, with a volume of 104213 shares changing hands. The stock had previously closed at GBX 621.

Analysts Set New Price Targets

Several research firms have recently weighed in on BMY. Deutsche Bank Aktiengesellschaft boosted their price target on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the stock a “buy” rating in a report on Friday, May 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing presently has an average rating of “Buy” and a consensus price target of GBX 800.

Bloomsbury Publishing Stock Up 0.5%

The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 13.80. The stock’s 50-day simple moving average is GBX 631.42 and its 200 day simple moving average is GBX 553.99. The firm has a market cap of £525.82 million, a P/E ratio of 19.70 and a beta of 0.40.

Bloomsbury Publishing (LON:BMY) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share (EPS) for the quarter. Bloomsbury Publishing had a return on equity of 12.74% and a net margin of 8.28%.The firm had revenue of £325.90 million for the quarter. As a group, research analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

About Bloomsbury Publishing

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.