Bloomsbury Publishing's (BMY) "Buy" Rating Reaffirmed at Peel Hunt

Key Points

• Bloomsbury Publishing has received a "buy" rating from Peel Hunt with a price target of GBX 815, indicating a potential upside of 65.06% from its previous close.
• Insider purchases of Bloomsbury shares have been notable, with insiders buying a total of 48,915 shares valued at approximately £1.06 million over the last three months.
• The stock currently has an average rating of "Buy" with a consensus price target of GBX 820 as rated by two analysts.

Peel Hunt reiterated their buy rating on shares of Bloomsbury Publishing (LON:BMY - Free Report) in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 815 target price on the stock.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Bloomsbury Publishing has an average rating of "Buy" and an average target price of GBX 820.

Bloomsbury Publishing Stock Down 0.4%

LON BMY traded down GBX 2.09 during trading hours on Thursday, hitting GBX 472.53. 225,117 shares of the company traded hands, compared to its average volume of 370,748. The business's 50-day moving average is GBX 490.81 and its 200-day moving average is GBX 533.61. Bloomsbury Publishing has a twelve month low of GBX 464 and a twelve month high of GBX 766. The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52. The stock has a market capitalization of £384.62 million, a price-to-earnings ratio of 1,538.67 and a beta of 0.66.

Insider Transactions at Bloomsbury Publishing

In related news, insider Leslie-Ann Reed purchased 16,938 shares of Bloomsbury Publishing stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of GBX 472 per share, for a total transaction of £79,947.36. Also, insider Nigel Newton acquired 20,300 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average cost of GBX 488 per share, for a total transaction of £99,064. Over the last quarter, insiders have acquired 48,915 shares of company stock worth $23,401,003. 3.54% of the stock is currently owned by insiders.

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.