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Braemar (LON:BMS) Shares Cross Above 200 Day Moving Average - Here's Why

Braemar logo with Industrials background

Braemar Plc (LON:BMS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 247.91 ($3.36) and traded as high as GBX 264 ($3.58). Braemar shares last traded at GBX 258 ($3.50), with a volume of 6,604 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on Braemar from GBX 380 ($5.16) to GBX 350 ($4.75) and set a "buy" rating for the company in a research report on Monday, March 24th.

Check Out Our Latest Stock Report on BMS

Braemar Stock Up 1.9%

The business has a 50 day moving average price of GBX 237.19 and a 200 day moving average price of GBX 247.64. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23. The firm has a market capitalization of £85.51 million, a P/E ratio of 17.22 and a beta of 1.17.

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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