Bloomsbury Publishing’s (BMY) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Bloomsbury Publishing (LON:BMY) in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 825 target price on the stock.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Bloomsbury Publishing in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bloomsbury Publishing currently has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Price Performance

Shares of LON:BMY opened at GBX 490 on Thursday. Bloomsbury Publishing has a one year low of GBX 464 and a one year high of GBX 766. The stock has a market capitalization of £398.84 million, a price-to-earnings ratio of 1,595.57 and a beta of 0.66. The company has a 50-day simple moving average of GBX 491.17 and a 200-day simple moving average of GBX 534.94. The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52.

Insiders Place Their Bets

In other Bloomsbury Publishing news, insider Leslie-Ann Reed purchased 16,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of GBX 472 per share, for a total transaction of £79,947.36. Also, insider Penny Scott-Bayfield sold 33,185 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of GBX 476, for a total value of £157,960.60. Over the last 90 days, insiders have purchased 48,915 shares of company stock worth $23,401,003. Company insiders own 3.54% of the company’s stock.

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.