Free Trial

Bloomsbury Publishing (LON:BMY) Share Price Crosses Above 200-Day Moving Average - What's Next?

Bloomsbury Publishing logo with Communication Services background
Image from MarketBeat Media, LLC.

Key Points

  • Shares of Bloomsbury Publishing (LON:BMY) crossed above its 200-day moving average (GBX 511.99), trading as high as GBX 615.20 and last at GBX 611.84 on a volume of 226,484 shares.
  • Analyst sentiment is bullish: Berenberg reiterated a Buy with a GBX 825 price target, and the consensus rating is Buy with an average target of GBX 820.
  • Key fundamentals: market cap £498.01m, PE ratio 22.33, low volatility (beta 0.38), modest leverage (debt-to-equity 14.44) and reasonable liquidity (current ratio 1.63).
  • Five stocks we like better than Bloomsbury Publishing.

Shares of Bloomsbury Publishing Plc (LON:BMY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 511.99 and traded as high as GBX 615.20. Bloomsbury Publishing shares last traded at GBX 611.84, with a volume of 226,484 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bloomsbury Publishing currently has an average rating of "Buy" and an average price target of GBX 820.

Check Out Our Latest Stock Analysis on BMY

Bloomsbury Publishing Price Performance

The stock has a market cap of £498.01 million, a PE ratio of 22.33 and a beta of 0.38. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 14.44. The business's 50-day simple moving average is GBX 560.42 and its 200-day simple moving average is GBX 511.99.

About Bloomsbury Publishing

(Get Free Report)

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Bloomsbury Publishing Right Now?

Before you consider Bloomsbury Publishing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloomsbury Publishing wasn't on the list.

While Bloomsbury Publishing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Click the link to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines