Bloomsbury Publishing (LON:BMY) Shares Break Above Fifty Day Moving Average - Should You Sell?

Key Points

• Bloomsbury Publishing shares rose above their 50-day moving average, reaching GBX 660 versus the average of GBX 640.17, with trading volume of 271,249 shares.
• Analysts remain positive: Berenberg reaffirmed a “Buy” rating with an GBX 825 target, while the consensus rating is “Buy” with an average target of GBX 792.50.
• The company reported quarterly earnings of GBX 16.82 per share, alongside a 6.35% net margin and 9.42% return on equity; its market capitalization is approximately £531 million.

Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 640.17 and traded as high as GBX 660. Bloomsbury Publishing shares last traded at GBX 660, with a volume of 271,249 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 825 price target on shares of Bloomsbury Publishing in a report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 792.50.

Bloomsbury Publishing Price Performance

The company has a market cap of £531.14 million, a price-to-earnings ratio of 20.03 and a beta of 0.42. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 10.41. The company's 50 day moving average price is GBX 640.17 and its 200 day moving average price is GBX 597.69.

Bloomsbury Publishing (LON:BMY - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported GBX 16.82 earnings per share for the quarter. Bloomsbury Publishing had a net margin of 6.35% and a return on equity of 9.42%. Equities research analysts forecast that Bloomsbury Publishing Plc will post 2530.00 earnings per share for the current year.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.

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