Bloomsbury Publishing (LON:BMY) Hits New 1-Year High – Time to Buy?

Bloomsbury Publishing Plc (LON:BMY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 666 and last traded at GBX 658, with a volume of 151933 shares trading hands. The stock had previously closed at GBX 652.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BMY shares. Deutsche Bank Aktiengesellschaft lifted their target price on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the company a “buy” rating in a report on Friday. Berenberg Bank reiterated a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bloomsbury Publishing presently has a consensus rating of “Buy” and a consensus price target of GBX 800.

Bloomsbury Publishing Price Performance

The stock has a 50-day moving average price of GBX 601.99 and a 200 day moving average price of GBX 530.21. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.77 and a quick ratio of 1.04. The firm has a market cap of £535.59 million, a price-to-earnings ratio of 24.01 and a beta of 0.40.

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