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Braemar (LON:BMS) Earns Buy Rating from Canaccord Genuity Group

Braemar logo with Industrials background

Key Points

  • Investment analysts at Canaccord Genuity Group have reissued a "buy" rating for Braemar (LON:BMS), with a price target of GBX 320, indicating a potential upside of 30.61% from its recent closing price.
  • Braemar's shares opened at GBX 245 on Thursday, and the company has a market capitalization of £74.81 million.
  • Insider James Christopher Duchar Gundy sold 31,358 shares at an average price of GBX 217, with insiders currently owning 16.93% of the company's stock.
  • Five stocks we like better than Braemar.

Braemar (LON:BMS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 320 price target on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 30.61% from the company's previous close.

Braemar Stock Performance

Shares of BMS stock opened at GBX 245 on Thursday. The company has a market capitalization of £74.81 million, a price-to-earnings ratio of 1,477.68 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. Braemar has a one year low of GBX 195 and a one year high of GBX 297. The company's 50-day moving average is GBX 243.76 and its 200 day moving average is GBX 236.94.

Insiders Place Their Bets

In related news, insider James Christopher Duchar Gundy sold 31,358 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of GBX 217, for a total value of £68,046.86. 16.93% of the stock is currently owned by insiders.

About Braemar

(Get Free Report)

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.

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