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

Braemar (LON:BMSFree Report) had its price target trimmed by Canaccord Genuity Group from GBX 380 ($4.89) to GBX 350 ($4.51) in a research note published on Monday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Braemar Stock Down 7.8 %

Shares of Braemar stock opened at GBX 235 ($3.03) on Monday. The firm has a market cap of £75.83 million, a PE ratio of 15.27 and a beta of 1.17. The business’s 50 day simple moving average is GBX 257.16 and its 200 day simple moving average is GBX 260.57. 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 52-week low of GBX 221.01 ($2.85) and a 52-week high of GBX 317.64 ($4.09).

About Braemar

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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.

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