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

Key Points

• Braemar Plc shares fell below their 200-day moving average of GBX 237.68, trading as low as GBX 232 on Monday.
• Despite the recent decline in share price, Canaccord Genuity has reaffirmed a "buy" rating with a price target of GBX 320.
• The company has a market capitalization of £72.15 million and a price-to-earnings ratio of 14.28, indicating strong fundamentals despite the stock's volatility.

Braemar Plc (LON:BMS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 237.68 ($3.19) and traded as low as GBX 232 ($3.11). Braemar shares last traded at GBX 249 ($3.34), with a volume of 19,233 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 320 price objective on shares of Braemar in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 320.

Braemar Price Performance

The stock's 50-day moving average price is GBX 243.62 and its 200-day moving average price is GBX 237.68. The company has a market capitalization of £72.15 million, a price-to-earnings ratio of 14.28 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61.

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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