Braemar Plc (LON:BMS – Get Free Report)’s share price traded down 10.7% during trading on Friday . The company traded as low as GBX 247.66 ($3.24) and last traded at GBX 247.91 ($3.24). 131,013 shares changed hands during mid-day trading, an increase of 97% from the average session volume of 66,466 shares. The stock had previously closed at GBX 277.50 ($3.63).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 410 ($5.37) price objective on shares of Braemar in a research report on Thursday, September 19th.
Braemar Price Performance
Insider Activity
In other news, insider James Christopher Duchar Gundy purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of GBX 298 ($3.90) per share, for a total transaction of £29,800 ($39,000.13). Company insiders own 46.79% of the company’s stock.
Braemar Company Profile
Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.
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