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

Key Points

• Bloomsbury Publishing's stock received a "Buy" rating from Berenberg Bank, with a price objective of **GBX 825**, indicating a potential upside of **63.37%** from its current price.
• Peel Hunt also maintained a "Buy" rating with a slightly lower price target of **GBX 815**, contributing to a consensus rating of **"Buy"** for Bloomsbury.
• Insiders have been actively buying shares, acquiring a total of **48,915 shares** in the last quarter, reflecting confidence in the company's future performance.

Bloomsbury Publishing (LON:BMY - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 825 price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 63.37% from the stock's current price.

Separately, Peel Hunt reiterated a "buy" rating and issued a GBX 815 price target on shares of Bloomsbury Publishing in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Bloomsbury Publishing currently has a consensus rating of "Buy" and a consensus target price of GBX 820.

Bloomsbury Publishing Price Performance

LON:BMY traded up GBX 17 during trading hours on Thursday, reaching GBX 505. 6,595,593 shares of the company traded hands, compared to its average volume of 398,057. Bloomsbury Publishing has a 1-year low of GBX 460 and a 1-year high of GBX 766. The stock has a market cap of £411.05 million, a P/E ratio of 16.44 and a beta of 0.66. The firm's 50-day moving average is GBX 485.56 and its 200-day moving average is GBX 517.78. 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 issued its quarterly earnings results on Thursday, October 23rd. The company reported GBX 23.14 earnings per share for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. Equities research analysts expect that Bloomsbury Publishing will post 2529.9999179 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloomsbury Publishing

In related news, insider Leslie-Ann Reed acquired 16,938 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of GBX 472 per share, with a total value of £79,947.36. Also, insider John Bason bought 11,677 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of GBX 471 per share, with a total value of £54,998.67. Insiders bought a total of 48,915 shares of company stock valued at $23,401,003 in the last quarter. Company insiders own 3.54% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.