Braemar (LON:BMS) Share Price Passes Above 200 Day Moving Average of $286.82

Braemar Plc (LON:BMS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 286.82 ($3.75) and traded as high as GBX 296.41 ($3.88). Braemar shares last traded at GBX 290 ($3.79), with a volume of 119,368 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group started coverage on Braemar in a research note on Wednesday, August 28th. They set a “buy” rating and a GBX 410 ($5.36) price target on the stock.

Braemar Stock Performance

The business has a 50-day moving average of GBX 301.08 and a two-hundred day moving average of GBX 286.82. The company has a market cap of £88.62 million, a P/E ratio of 2,230.77 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23.

Insider Activity at Braemar

In related news, insider James Christopher Duchar Gundy acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of GBX 298 ($3.90) per share, with a total value of £29,800 ($38,969.53). In related news, insider James Christopher Duchar Gundy acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of GBX 298 ($3.90) per share, with a total value of £29,800 ($38,969.53). Also, insider Tristram Simmonds sold 12,425 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of GBX 300 ($3.92), for a total value of £37,275 ($48,744.61). 51.46% of the stock is owned by corporate insiders.

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.