Berenberg Bank Begins Coverage on Bloomsbury Publishing (LON:BMY)

Research analysts at Berenberg Bank started coverage on shares of Bloomsbury Publishing (LON:BMY) in a report released on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a GBX 825 ($10.74) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 19.22% from the stock’s current price.

Bloomsbury Publishing Trading Down 1.1 %

LON BMY opened at GBX 692 ($9.01) on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 4.40. The business has a fifty day simple moving average of GBX 681.76 and a 200 day simple moving average of GBX 651.08. Bloomsbury Publishing has a 12 month low of GBX 400.50 ($5.21) and a 12 month high of GBX 766 ($9.97). The firm has a market capitalization of £563.56 million, a P/E ratio of 1,774.36 and a beta of 0.66.

Insiders Place Their Bets

In related news, insider Nigel Newton sold 58,378 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.28), for a total transaction of £416,235.14 ($541,831.74). 8.26% of the stock is currently owned by insiders.

Bloomsbury Publishing Company Profile

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.