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

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Bloomsbury Publishing (BMY) and set a price target of GBX 825, indicating a potential upside of 67% from the previous close.
• Insider trading activity includes the sale of 33,185 shares by Penny Scott-Bayfield and the purchase of 11,677 shares by John Bason, reflecting mixed sentiment among company insiders.
• According to analysts, Bloomsbury Publishing has a consensus rating of "Buy" with an average target price of GBX 820, with another analysis from Peel Hunt also confirming a "buy" rating.

Berenberg Bank reaffirmed their buy rating on shares of Bloomsbury Publishing (LON:BMY - Free Report) in a research report sent to investors on Thursday, MarketBeat.com reports. Berenberg Bank currently has a GBX 825 price target on the stock.

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

Bloomsbury Publishing Trading Down 3.5%

LON:BMY traded down GBX 17.50 during trading hours on Thursday, reaching GBX 475.50. The company's stock had a trading volume of 1,998,382 shares, compared to its average volume of 371,470. The firm has a market capitalization of £387.04 million, a price-to-earnings ratio of 1,548.36 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 490.81 and a 200-day simple moving average of GBX 534.18. Bloomsbury Publishing has a 1 year low of GBX 464 and a 1 year 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.

Insider Activity

In other news, insider Penny Scott-Bayfield sold 33,185 shares of Bloomsbury Publishing stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 476, for a total transaction of £157,960.60. Also, insider Nigel Newton bought 20,300 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were bought at an average cost of GBX 488 per share, for a total transaction of £99,064. Insiders acquired 48,915 shares of company stock worth $23,401,003 in the last quarter. 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.