Bloomsbury Publishing (LON:BMY) Given Buy Rating at Berenberg Bank

Bloomsbury Publishing (LON:BMY - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 825 ($11.07) target price on the stock. Berenberg Bank's price objective points to a potential upside of 56.25% from the stock's current price.

Bloomsbury Publishing Price Performance

Shares of BMY stock traded up GBX 11 ($0.15) during trading hours on Wednesday, reaching GBX 528 ($7.09). 362,604 shares of the company were exchanged, compared to its average volume of 337,731. Bloomsbury Publishing has a fifty-two week low of GBX 480 ($6.44) and a fifty-two week high of GBX 766 ($10.28). The stock's fifty day moving average is GBX 531.63 and its two-hundred day moving average is GBX 585. The company has a market cap of £426.06 million, a price-to-earnings ratio of 11.30 and a beta of 0.66. The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04.

Bloomsbury Publishing (LON:BMY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.56) earnings per share for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. Sell-side analysts forecast 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.