Bloomsbury Publishing (LON:BMY) Receives Buy Rating from Berenberg Bank

Key Points

• Analysts at Berenberg Bank have restated a "buy" rating for Bloomsbury Publishing, with a price target of GBX 825, suggesting a potential upside of 69.06% from the previous close.
• Bloomsbury's stock opened at GBX 488, with a market cap of £393.78 million and a debt-to-equity ratio of 15.10.
• Recent insider transactions included sales of 33,185 and 50,867 shares by insiders Penny Scott-Bayfield and Nigel Newton, respectively, both at an average price of GBX 476.

Bloomsbury Publishing (LON:BMY - Get Free Report)'s stock had its "buy" rating restated by analysts at Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 825 price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 69.06% from the stock's previous close.

Bloomsbury Publishing Stock Performance

LON:BMY opened at GBX 488 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10. Bloomsbury Publishing has a fifty-two week low of GBX 464 and a fifty-two week high of GBX 766. The stock has a market cap of £393.78 million, a PE ratio of 10.44 and a beta of 0.66. The firm's fifty day simple moving average is GBX 494.54 and its 200-day simple moving average is GBX 551.63.

Insider Buying and Selling at Bloomsbury Publishing

In related news, insider Penny Scott-Bayfield sold 33,185 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 476, for a total value of £157,960.60. Also, insider Nigel Newton sold 50,867 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 476, for a total transaction of £242,126.92. Corporate insiders own 8.26% of the company's stock.

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.

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