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

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 825 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 32.42% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the company a “buy” rating in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 800.

Bloomsbury Publishing Price Performance

Shares of BMY opened at GBX 623 on Wednesday. The company has a debt-to-equity ratio of 13.80, a quick ratio of 1.04 and a current ratio of 1.77. The company has a 50 day moving average price of GBX 634.43 and a 200-day moving average price of GBX 562.86. Bloomsbury Publishing has a fifty-two week low of GBX 435 and a fifty-two week high of GBX 690. The stock has a market capitalization of £503.65 million, a PE ratio of 18.99 and a beta of 0.42.

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