Bloomsbury Publishing’s (BMY) Buy Rating Reiterated at Berenberg Bank

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 825 target price on the stock. Berenberg Bank’s price target points to a potential upside of 48.71% from the company’s current price.

Bloomsbury Publishing Trading Up 16.7%

LON BMY traded up GBX 79.28 during trading hours on Thursday, hitting GBX 554.78. 2,068,282 shares of the company’s stock were exchanged, compared to its average volume of 427,456. The firm has a market cap of £451.57 million, a price-to-earnings ratio of 20.25 and a beta of 0.70. The stock has a 50-day simple moving average of GBX 473.68 and a 200 day simple moving average of GBX 484.78. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 14.44. Bloomsbury Publishing has a 1-year low of GBX 435 and a 1-year high of GBX 654.60.

About Bloomsbury Publishing

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.