Braemar’s (BMS) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Braemar (LON:BMS) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 410 ($5.42) price target on the stock.

Braemar Price Performance

Shares of LON:BMS opened at GBX 295.70 ($3.91) on Thursday. Braemar has a one year low of GBX 230 ($3.04) and a one year high of GBX 317.64 ($4.20). The stock has a fifty day moving average of GBX 300.10 and a 200-day moving average of GBX 287.43. The company has a market capitalization of £90.37 million, a PE ratio of 2,265.38 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42.

Insider Activity

In related news, insider James Christopher Duchar Gundy acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of GBX 298 ($3.94) per share, for a total transaction of £29,800 ($39,365.92). In other Braemar news, insider James Christopher Duchar Gundy bought 10,000 shares of Braemar stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of GBX 298 ($3.94) per share, for a total transaction of £29,800 ($39,365.92). Also, insider Tristram Simmonds sold 12,425 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of GBX 300 ($3.96), for a total value of £37,275 ($49,240.42). Insiders own 51.46% of the company’s stock.

About Braemar

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Chartering, Investment Advisory, 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.