Braemar (LON:BMS) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Braemar Plc (LON:BMSGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 231.03 and traded as low as GBX 210. Braemar shares last traded at GBX 211, with a volume of 17,845 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 320 price objective on shares of Braemar in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 320.

View Our Latest Stock Report on BMS

Braemar Stock Down 0.7%

The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. The company has a market capitalization of £67.73 million, a PE ratio of 18.91 and a beta of 1.17. The firm’s 50-day simple moving average is GBX 218.35 and its 200 day simple moving average is GBX 231.03.

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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