Braemar (LON:BMS) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Braemar Plc's shares have recently surpassed their 200-day moving average, trading at GBX 255 ($3.45) with a high of GBX 258.30 ($3.49).
• Canaccord Genuity has lowered its target price on Braemar from GBX 350 ($4.74) to GBX 320 ($4.33) but maintains a "buy" rating.
• Insider transactions include the purchase of 6,700 shares by Catriona Louise Valentine and the sale of 31,358 shares by James Christopher Duchar Gundy, highlighting significant insider trading activities.

Shares of Braemar Plc (LON:BMS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 240.58 ($3.26) and traded as high as GBX 258.30 ($3.50). Braemar shares last traded at GBX 255 ($3.46), with a volume of 49,947 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on shares of Braemar from GBX 350 ($4.74) to GBX 320 ($4.34) and set a "buy" rating on the stock in a research note on Thursday, May 29th.

Braemar Price Performance

The stock has a fifty day moving average of GBX 233.10 and a 200-day moving average of GBX 240.33. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61. The stock has a market capitalization of £82.28 million, a price-to-earnings ratio of 16.57 and a beta of 1.17.

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

Insider Buying and Selling

In other news, insider James Christopher Duchar Gundy sold 31,358 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of GBX 217 ($2.94), for a total value of £68,046.86 ($92,229.41). Also, insider Catriona Louise Valentine acquired 6,700 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of GBX 235 ($3.19) per share, with a total value of £15,745 ($21,340.47). Corporate insiders own 46.79% of the company's stock.

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.