Canaccord Genuity Group Lowers Braemar (LON:BMS) Price Target to GBX 350

Braemar (LON:BMS) had its price objective reduced by research analysts at Canaccord Genuity Group from GBX 380 ($4.92) to GBX 350 ($4.53) in a note issued to investors on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 34.62% from the stock’s previous close.

Braemar Stock Up 4.0 %

LON:BMS opened at GBX 260 ($3.37) on Monday. Braemar has a 1 year low of GBX 221.01 ($2.86) and a 1 year high of GBX 317.64 ($4.11). The stock has a 50-day moving average price of GBX 257.54 and a two-hundred day moving average price of GBX 261.01. The stock has a market cap of £83.90 million, a price-to-earnings ratio of 16.90 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 Company Profile

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers’ needs, and provide an integrated service supported by a collaborative culture.