Braemar (LON:BMS) Price Target Cut to GBX 350 by Analysts at Canaccord Genuity Group

Braemar (LON:BMS) had its price objective cut by equities research analysts at Canaccord Genuity Group from GBX 380 ($4.91) to GBX 350 ($4.52) in a research note issued on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 40.56% from the company’s current price.

Braemar Stock Performance

Shares of LON:BMS traded down GBX 11 ($0.14) on Monday, reaching GBX 249 ($3.22). 141,316 shares of the company’s stock were exchanged, compared to its average volume of 61,081. The business’s 50-day moving average is GBX 257.58 and its two-hundred day moving average is GBX 261.65. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61. Braemar has a fifty-two week low of GBX 221.01 ($2.85) and a fifty-two week high of GBX 317.64 ($4.10). The firm has a market capitalization of £80.35 million, a price-to-earnings ratio of 16.18 and a beta of 1.17.

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.