Braemar (LON:BMS) Shares Pass Above 200-Day Moving Average of $285.48

Posted by Defense World Staff on Sep 5th, 2024

Braemar Plc (LON:BMS – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 285.48 ($3.75) and traded as high as GBX 301 ($3.96). Braemar shares last traded at GBX 299.50 ($3.94), with a volume of 43,260 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on Braemar in a research report on Wednesday, August 28th. They set a “buy” rating and a GBX 410 ($5.39) price target for the company.

Check Out Our Latest Report on Braemar

Braemar Stock Performance

The stock has a market capitalization of £91.39 million, a PE ratio of 2,303.85 and a beta of 1.16. The firm’s 50-day simple moving average is GBX 301.18 and its two-hundred day simple moving average is GBX 285.48. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61.

Insider Transactions at Braemar

In other news, insider Tristram Simmonds sold 12,425 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of GBX 300 ($3.94), for a total transaction of £37,275 ($49,013.81). In related news, insider James Christopher Duchar Gundy acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of GBX 298 ($3.92) per share, with a total value of £29,800 ($39,184.75). Also, insider Tristram Simmonds sold 12,425 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of GBX 300 ($3.94), for a total value of £37,275 ($49,013.81). Company insiders own 51.46% of the company’s stock.

Braemar Company Profile

(Get Free Report)

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Chartering, Investment Advisory, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.