Braemar (LON:BMS) Hits New 1-Year High – Here’s Why

Braemar Plc (LON:BMS) shares reached a new 52-week high on Wednesday. The company traded as high as GBX 250 and last traded at GBX 246, with a volume of 217,512 shares. The stock had previously closed at GBX 238.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 320 price target on shares of Braemar in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 320.

Braemar Stock Down 1.2%

The company has a debt-to-equity ratio of 39.83, a current ratio of 1.68 and a quick ratio of 1.23. The stock has a market capitalization of £79.01 million, a P/E ratio of 38.84 and a beta of 0.50. The stock’s fifty day moving average is GBX 233.32 and its two-hundred day moving average is GBX 227.67.

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.