Bloomsbury Publishing (LON:BMY) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 492.84 and traded as high as GBX 500. Bloomsbury Publishing shares last traded at GBX 478.50, with a volume of 27,553 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 815 price objective on shares of Bloomsbury Publishing in a research note on Thursday, September 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 820.

Bloomsbury Publishing Trading Down 0.2%

The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The firm has a market cap of £389.48 million, a PE ratio of 17.46 and a beta of 0.66. The business has a fifty day moving average price of GBX 493.77 and a 200 day moving average price of GBX 492.72.

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

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.