Braemar (LON:BMS) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Braemar (LON:BMS) in a report issued on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 410 ($5.42) price objective on the stock.

Braemar Price Performance

LON BMS opened at GBX 294 ($3.88) on Thursday. The firm’s fifty day simple moving average is GBX 299.95 and its two-hundred day simple moving average is GBX 287.78. The firm has a market capitalization of £89.85 million, a P/E ratio of 2,261.54 and a beta of 1.17. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61. Braemar has a 12-month low of GBX 230 ($3.04) and a 12-month high of GBX 317.64 ($4.20).

Insider Transactions at Braemar

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

Braemar Company Profile

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.