Braemar (LON:BMS) Sets New 12-Month High – Time to Buy?

Shares of Braemar Plc (LON:BMS) reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 250 and last traded at GBX 246, with a volume of 217,512 shares trading hands. The stock had previously closed at GBX 238.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 320 target price on shares of Braemar in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 320.

Braemar Stock Performance

The stock has a market cap of £78.69 million, a P/E ratio of 38.68 and a beta of 0.50. The business has a 50 day moving average price of GBX 232.34 and a 200 day moving average price of GBX 227.45. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63.

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.