Braemar (LON:BMS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Braemar Plc (LON:BMSGet Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 226.17 and traded as high as GBX 235. Braemar shares last traded at GBX 235, with a volume of 70,346 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BMS. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 320 price target on shares of Braemar in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Braemar currently has an average rating of “Buy” and a consensus target price of GBX 320.

Read Our Latest Stock Analysis on BMS

Braemar Price Performance

The business’s fifty day moving average price is GBX 236.01 and its 200-day moving average price is GBX 226.17. The company has a market capitalization of £75.17 million, a P/E ratio of 36.95 and a beta of 0.50. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 41.63.

About Braemar

(Get Free Report)

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.

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