Braemar (LON:BMS) Shares Cross Below 200 Day Moving Average – Time to Sell?

Braemar Plc (LON:BMS)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 228.14 and traded as low as GBX 228. Braemar shares last traded at GBX 228, with a volume of 121,122 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 320 price objective on shares of Braemar in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Braemar presently has an average rating of “Buy” and a consensus target price of GBX 320.

Braemar Trading Down 3.0%

The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 39.83. The business’s fifty day moving average is GBX 234.58 and its 200 day moving average is GBX 228.14. The stock has a market cap of £72.93 million, a PE ratio of 35.85 and a beta of 0.50.

Braemar Company Profile

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.