Braemar (LON:BMS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Braemar Plc (LON:BMS)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 222.75 and traded as high as GBX 243. Braemar shares last traded at GBX 235, with a volume of 54,143 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 320 target price on shares of Braemar in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Braemar presently has an average rating of “Buy” and a consensus price target of GBX 320.

Braemar Price Performance

The stock’s 50-day moving average price is GBX 228.27 and its 200-day moving average price is GBX 222.99. The company has a market capitalization of £77.68 million, a price-to-earnings ratio of 38.05 and a beta of 0.46. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 41.63.

Insider Activity

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 220, for a total transaction of £226,793.60. Insiders own 16.48% of the company’s stock.

Braemar Company Profile

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.

For more information, including our investor presentation, please visit www.braemar.com.