Braemar (LON:BMS) Given Buy Rating at Canaccord Genuity Group

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

Braemar Stock Performance

Shares of Braemar stock opened at GBX 294 ($3.88) on Thursday. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. Braemar has a 1 year low of GBX 230 ($3.04) and a 1 year high of GBX 317.64 ($4.20). The firm’s 50-day simple moving average is GBX 299.95 and its 200-day simple moving average is GBX 287.78. The firm has a market cap of £89.85 million, a PE ratio of 2,261.54 and a beta of 1.17.

Insiders Place Their Bets

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