Bloomsbury Publishing (LON:BMY) Reaches New 12-Month Low – Should You Sell?

Bloomsbury Publishing Plc (LON:BMY) reached a new 52-week low on Wednesday . The company traded as low as GBX 420.67 and last traded at GBX 622, with a volume of 104213 shares trading hands. The stock had previously closed at GBX 621.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lifted their price target 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 800.

Bloomsbury Publishing Price Performance

The stock’s fifty day moving average is GBX 630.73 and its 200-day moving average is GBX 551.77. The stock has a market capitalization of £507.58 million, a PE ratio of 19.01 and a beta of 0.40. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.77 and a quick ratio of 1.04.

Bloomsbury Publishing (LON:BMY) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 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 for the quarter. As a group, equities analysts predict 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.