Braemar (LON:BMS) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Braemar Plc shares crossed below their 200-day moving average, indicating a potential decline in momentum, with the most recent trading value at GBX 242 ($3.25).
• Analysts have a consensus rating of "Buy" for Braemar, with a target price of GBX 320 according to a report from Canaccord Genuity Group.
• As of now, Braemar has a market cap of £74.28 million and a notably high P/E ratio of 1,467.31, reflecting significant volatility in valuation.

Braemar Plc (LON:BMS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 237.33 ($3.19) and traded as low as GBX 236 ($3.17). Braemar shares last traded at GBX 242 ($3.25), with a volume of 1,841 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 320 price objective on shares of Braemar in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Braemar presently has a consensus rating of "Buy" and a consensus price target of GBX 320.

Braemar Price Performance

The company has a market cap of £74.28 million, a P/E ratio of 1,467.31 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. The firm's fifty day moving average is GBX 245.50 and its two-hundred day moving average is GBX 237.33.

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.

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