Bloomsbury Publishing (LON:BMY) Sets New 12-Month High – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 640.50 and last traded at GBX 639, with a volume of 130856 shares trading hands. The stock had previously closed at GBX 620.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bloomsbury Publishing presently has an average rating of “Buy” and an average price target of GBX 820.

Bloomsbury Publishing Trading Down 0.6%

The business’s 50-day moving average price is GBX 593.10 and its 200 day moving average price is GBX 524.25. The company has a market cap of £514.75 million, a P/E ratio of 23.08 and a beta of 0.40. The company has a debt-to-equity ratio of 13.80, a quick ratio of 1.04 and a current ratio of 1.77.

Bloomsbury Publishing (LON:BMY) last posted its earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share (EPS) for the quarter. The company had revenue of £325.90 million during the quarter. Bloomsbury Publishing had a net margin of 8.28% and a return on equity of 12.74%. As a group, analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 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.