Braemar (LON:BMS) Reaches New 1-Year Low – What’s Next?

Braemar Plc (LON:BMS)’s share price hit a new 52-week low on Monday . The stock traded as low as GBX 236 ($2.96) and last traded at GBX 238.76 ($2.99), with a volume of 88412 shares trading hands. The stock had previously closed at GBX 244 ($3.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 410 ($5.14) price target on shares of Braemar in a research report on Thursday, September 19th.

Braemar Price Performance

The company has a 50-day moving average of GBX 255.49 and a 200 day moving average of GBX 281.85. 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 firm has a market cap of £71.82 million, a P/E ratio of 1,807.69 and a beta of 1.17.

Braemar Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.7%. Braemar’s payout ratio is presently 10,000.00%.

Insider Transactions at Braemar

In other news, insider James Christopher Duchar Gundy sold 94,112 shares of Braemar stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 254 ($3.18), for a total value of £239,044.48 ($299,667.14). 46.79% of the stock is owned by insiders.

About Braemar

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, 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.