Braemar (LON:BMS) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Braemar Plc (LON:BMS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 222.82 and traded as high as GBX 239.82. Braemar shares last traded at GBX 231, with a volume of 18,208 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 320 target price on shares of Braemar in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 320.

Braemar Trading Up 0.4%

The company has a market capitalization of £74.15 million, a P/E ratio of 36.32 and a beta of 0.46. The business has a fifty day moving average price of GBX 225.98 and a 200 day moving average price of GBX 222.82. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63.

Insider Activity at Braemar

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 220, for a total value of £226,793.60. 17.26% of the stock is currently owned by company insiders.

About Braemar

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.