Bloomsbury Publishing (LON:BMY) Earns Buy Rating from Peel Hunt

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 815 price objective on the stock. Peel Hunt’s target price indicates a potential upside of 65.06% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 825 price target on shares of Bloomsbury Publishing in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Stock Performance

Shares of BMY opened at GBX 493.75 on Thursday. The stock has a 50 day moving average price of GBX 491.49 and a 200 day moving average price of GBX 535.78. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10. The company has a market capitalization of £401.89 million, a price-to-earnings ratio of 1,607.78 and a beta of 0.66. Bloomsbury Publishing has a 52-week low of GBX 464 and a 52-week high of GBX 766.

Insiders Place Their Bets

In other news, insider John Bason purchased 11,677 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of GBX 471 per share, for a total transaction of £54,998.67. Also, insider Leslie-Ann Reed purchased 16,938 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of GBX 472 per share, with a total value of £79,947.36. Over the last three months, insiders have bought 48,915 shares of company stock worth $23,401,003. 3.54% of the stock is owned by insiders.

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.