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

Bloomsbury Publishing Plc (LON:BMY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 536.51 and traded as high as GBX 675. Bloomsbury Publishing shares last traded at GBX 653, with a volume of 7,703,682 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bloomsbury Publishing from GBX 700 to GBX 760 and gave the company a “buy” rating in a research report on Friday, May 29th. Berenberg Bank restated a “buy” rating and issued a GBX 825 price target on shares of Bloomsbury Publishing in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bloomsbury Publishing has an average rating of “Buy” and an average target price of GBX 800.

Bloomsbury Publishing Trading Down 0.6%

The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 13.80. The company has a market cap of £530.54 million, a PE ratio of 19.87 and a beta of 0.40. The business’s 50-day simple moving average is GBX 617.64 and its 200-day simple moving average is GBX 538.87.

Bloomsbury Publishing (LON:BMY) last released its earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 8.28% and a return on equity of 12.74%. The company had revenue of £325.90 million during the quarter. As a group, analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

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.