Braemar (LON:BMS) Earns Buy Rating from Canaccord Genuity Group

Braemar (LON:BMS)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 320 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 34.45% from the stock’s current price.

Braemar Stock Performance

BMS traded up GBX 3 during trading hours on Thursday, hitting GBX 238. The company’s stock had a trading volume of 32,612 shares, compared to its average volume of 58,687. The company has a 50-day simple moving average of GBX 224.40 and a 200 day simple moving average of GBX 222.32. The company has a current ratio of 1.73, a quick ratio of 1.23 and a debt-to-equity ratio of 40.96. The firm has a market capitalization of £76.40 million, a PE ratio of 21.33 and a beta of 0.46. Braemar has a fifty-two week low of GBX 203.11 and a fifty-two week high of GBX 265.

Insider Buying and Selling at Braemar

In related news, insider James Christopher Duchar Gundy sold 103,088 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 220, for a total value of £226,793.60. 17.26% of the stock is currently owned by corporate insiders.

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.

For more information, including our investor presentation, please visit www.braemar.com.