Braemar (LON:BMS) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Braemar Plc's stock price surpassed its 200-day moving average, with trading volumes reaching 93,737 shares and a price of GBX 242 ($3.23).
• Analysts at Canaccord Genuity Group have revised their target price for Braemar from GBX 350 ($4.68) to GBX 320 ($4.28) while maintaining a "buy" rating.
• Insider trading activities included Catriona Louise Valentine purchasing 6,700 shares at GBX 235 ($3.14), while James Christopher Duchar Gundy sold 31,358 shares at GBX 217 ($2.90).

Braemar Plc (LON:BMS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 241.19 ($3.22) and traded as high as GBX 244 ($3.26). Braemar shares last traded at GBX 242 ($3.23), with a volume of 93,737 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of Braemar from GBX 350 ($4.68) to GBX 320 ($4.28) and set a "buy" rating for the company in a report on Thursday, May 29th.

Braemar Trading Down 0.5%

The stock has a market capitalization of £78.05 million, a P/E ratio of 15.72 and a beta of 1.17. The stock has a 50-day moving average price of GBX 231.36 and a two-hundred day moving average price of GBX 241.19. 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 (LON:BMS - Get Free Report) last announced its quarterly 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, research analysts forecast that Braemar Plc will post 33.0310881 EPS for the current fiscal year.

Insider Buying and Selling at Braemar

In related news, insider Catriona Louise Valentine bought 6,700 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were purchased at an average price of GBX 235 ($3.14) per share, with a total value of £15,745 ($21,035.40). Also, insider James Christopher Duchar Gundy sold 31,358 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of GBX 217 ($2.90), for a total transaction of £68,046.86 ($90,910.97). 46.79% of the stock is currently owned by corporate insiders.

Braemar Company Profile

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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