Canaccord Genuity Group Lowers Braemar (LON:BMS) Price Target to GBX 320

Braemar (LON:BMS - Free Report) had its price objective lowered by Canaccord Genuity Group from GBX 350 ($4.71) to GBX 320 ($4.31) in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Braemar Price Performance

Shares of Braemar stock traded up GBX 4 ($0.05) during mid-day trading on Thursday, reaching GBX 239 ($3.22). 104,386 shares of the stock traded hands, compared to its average volume of 58,645. The business has a 50-day moving average of GBX 236.74 and a 200 day moving average of GBX 247.26. Braemar has a fifty-two week low of GBX 195 ($2.62) and a fifty-two week high of GBX 315 ($4.24). The stock has a market capitalization of £77.12 million, a PE ratio of 15.53 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61.

Braemar (LON:BMS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported GBX 31.30 ($0.42) EPS for the quarter. Braemar had a return on equity of 5.78% and a net margin of 3.03%. On average, analysts predict that Braemar will post 33.0310881 EPS for the current year.

About Braemar

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.