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Braemar (LON:BMS) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Braemar logo with Industrials background

Key Points

  • Braemar Plc's share price has risen above its 200-day moving average, trading at GBX 242 ($3.23).
  • Canaccord Genuity Group has restated a "buy" rating for Braemar, with a target price of GBX 320.
  • The company has a market cap of £73.73 million and a high price-to-earnings ratio of 1,459.59.
  • Five stocks we like better than Braemar.

Braemar Plc (LON:BMS - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 236.87 ($3.16) and traded as high as GBX 245 ($3.27). Braemar shares last traded at GBX 242 ($3.23), with a volume of 4,949 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on BMS

Braemar Price Performance

The business has a 50-day moving average price of GBX 244.84 and a 200 day moving average price of GBX 236.87. The company has a market cap of £73.73 million, a price-to-earnings ratio of 1,459.59 and a beta of 1.17. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61.

Braemar Company Profile

(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.

See Also

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