Braemar (LON:BMS) Receives “Buy” Rating from Canaccord Genuity Group

Braemar (LON:BMS)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 410 ($5.42) target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 39.46% from the company’s previous close.

Braemar Stock Performance

Shares of LON:BMS traded up GBX 1.50 ($0.02) during trading on Thursday, hitting GBX 294 ($3.88). 179,595 shares of the stock traded hands, compared to its average volume of 67,802. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61. The company has a fifty day moving average price of GBX 300.30 and a two-hundred day moving average price of GBX 287.23. Braemar has a 52-week low of GBX 230 ($3.04) and a 52-week high of GBX 317.64 ($4.20). The company has a market cap of £89.85 million, a price-to-earnings ratio of 2,261.54 and a beta of 1.17.

Insider Buying and Selling at Braemar

In other news, insider James Christopher Duchar Gundy bought 10,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of GBX 298 ($3.94) per share, with a total value of £29,800 ($39,365.92). In other Braemar news, insider James Christopher Duchar Gundy purchased 10,000 shares of the stock in a transaction on Thursday, August 8th. The shares were 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 business’s stock in a transaction that occurred 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). 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.