Bloomsbury Publishing (LON:BMY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Bloomsbury Publishing Plc (LON:BMY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 508.95 and traded as high as GBX 521. Bloomsbury Publishing shares last traded at GBX 507, with a volume of 559,636 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BMY. Berenberg Bank reaffirmed a “buy” rating and set a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Thursday, October 23rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Bloomsbury Publishing in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bloomsbury Publishing currently has an average rating of “Buy” and a consensus target price of GBX 820.

Bloomsbury Publishing Trading Down 1.2%

The stock’s fifty day simple moving average is GBX 492.67 and its two-hundred day simple moving average is GBX 508.95. The firm has a market cap of £407.79 million, a PE ratio of 18.28 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10.

Bloomsbury Publishing (LON:BMY) last released its earnings results on Thursday, October 23rd. The company reported GBX 23.14 earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. On average, sell-side analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

Insider Transactions at Bloomsbury Publishing

In related news, insider Nigel Newton bought 20,300 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were acquired at an average cost of GBX 488 per share, with a total value of £99,064. Insiders own 3.54% of the company’s stock.

Bloomsbury Publishing Company Profile

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.