Berenberg Bank Reaffirms “Buy” Rating for Bloomsbury Publishing (LON:BMY)

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report released on Thursday, Marketbeat.com reports. They currently have a GBX 825 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 48.71% from the stock’s current price.

Bloomsbury Publishing Stock Performance

Shares of LON BMY traded up GBX 79.28 during mid-day trading on Thursday, reaching GBX 554.78. 2,068,282 shares of the company’s stock were exchanged, compared to its average volume of 427,456. The firm has a 50-day moving average price of GBX 473.68 and a two-hundred day moving average price of GBX 484.78. The company has a debt-to-equity ratio of 14.44, a current ratio of 1.63 and a quick ratio of 1.04. The firm has a market capitalization of £451.57 million, a price-to-earnings ratio of 20.25 and a beta of 0.70. Bloomsbury Publishing has a 52 week low of GBX 435 and a 52 week high of GBX 654.60.

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. 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.