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

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

Bloomsbury Publishing Stock Down 0.3 %

BMY stock traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 698 ($9.09). 403,547 shares of the company were exchanged, compared to its average volume of 179,211. The stock’s 50-day simple moving average is GBX 682.24 and its 200 day simple moving average is GBX 650.79. Bloomsbury Publishing has a 1-year low of GBX 400.50 ($5.21) and a 1-year 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 company has a market cap of £568.45 million, a price-to-earnings ratio of 1,784.62 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The business also recently announced 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. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.57%. Bloomsbury Publishing’s payout ratio is currently 3,846.15%.

Insider Buying and Selling at Bloomsbury Publishing

In related news, insider Nigel Newton sold 58,378 shares of Bloomsbury Publishing stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.28), for a total value of £416,235.14 ($541,831.74). 8.26% of the stock is currently owned by insiders.

Bloomsbury Publishing Company Profile

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.