Bloomsbury Publishing (LON:BMY) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank initiated coverage on shares of Bloomsbury Publishing (LON:BMY) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 825 ($10.74) target price on the stock.

Bloomsbury Publishing Trading Down 0.3 %

LON BMY opened at GBX 690 ($8.98) on Wednesday. Bloomsbury Publishing has a twelve month low of GBX 400.50 ($5.21) and a twelve month high of GBX 766 ($9.97). The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.04 and a current ratio of 1.67. The stock has a market cap of £561.94 million, a price-to-earnings ratio of 1,769.23 and a beta of 0.66. The firm’s 50 day moving average price is GBX 681.28 and its two-hundred day moving average price is GBX 652.51.

Bloomsbury Publishing Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 3.89 ($0.05) per share. This represents a yield of 0.57%. The ex-dividend date is Thursday, October 31st. Bloomsbury Publishing’s payout ratio is 3,846.15%.

Insiders Place Their Bets

In other Bloomsbury Publishing news, insider Nigel Newton sold 58,378 shares of Bloomsbury Publishing stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($9.28), for a total transaction of £416,235.14 ($541,831.74). Corporate insiders own 8.26% of the company’s stock.

About Bloomsbury Publishing

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.