Braemar (LON:BMS) Reaches New 12-Month Low – Here’s Why

Braemar Plc (LON:BMS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 225 ($2.91) and last traded at GBX 225 ($2.91), with a volume of 30012 shares traded. The stock had previously closed at GBX 230 ($2.97).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on Braemar from GBX 380 ($4.91) to GBX 350 ($4.52) and set a “buy” rating on the stock in a research report on Monday, March 24th.

Braemar Stock Performance

The stock’s 50 day simple moving average is GBX 255.38 and its two-hundred day simple moving average is GBX 259.25. The company has a market capitalization of £72.60 million, a P/E ratio of 14.62 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23.

About Braemar

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.