Bloomsbury Publishing (LON:BMY) Hits New 1-Year High – Time to Buy?

Bloomsbury Publishing Plc (LON:BMY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 666 and last traded at GBX 658, with a volume of 151933 shares trading hands. The stock had previously closed at GBX 652.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 825 price target on shares of Bloomsbury Publishing in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised their target price on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 800.

Bloomsbury Publishing Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 13.80. The company has a market cap of £535.59 million, a price-to-earnings ratio of 24.01 and a beta of 0.40. The stock’s 50-day simple moving average is GBX 601.99 and its 200 day simple moving average is GBX 530.21.

Bloomsbury Publishing (LON:BMY) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 45 earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 8.28% and a return on equity of 12.74%. The business had revenue of £325.90 million for the quarter. On average, equities research analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

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.