Braemar (LON:BMS) Shares Pass Above 200 Day Moving Average – Here’s Why

Braemar Plc (LON:BMS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.81 and traded as high as GBX 237. Braemar shares last traded at GBX 237, with a volume of 59,865 shares.

Analyst Ratings Changes

Several research firms have issued reports on BMS. Canaccord Genuity Group reissued a “buy” rating and set a GBX 320 price target on shares of Braemar in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 320.

Braemar Trading Up 3.0%

The stock’s 50-day simple moving average is GBX 236.44 and its two-hundred day simple moving average is GBX 225.81. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23. The firm has a market capitalization of £75.81 million, a P/E ratio of 37.26 and a beta of 0.50.

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.