Braemar (LON:BMS) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Braemar Plc (LON:BMS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 222.82 and traded as high as GBX 239.82. Braemar shares last traded at GBX 231, with a volume of 18,208 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated 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 MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 320.

Braemar Stock Performance

The firm has a market cap of £74.15 million, a PE ratio of 36.32 and a beta of 0.46. The company has a debt-to-equity ratio of 41.63, a current ratio of 1.66 and a quick ratio of 1.23. The stock has a 50-day moving average price of GBX 225.98 and a 200 day moving average price of GBX 222.82.

Insider Activity at Braemar

In other news, insider James Christopher Duchar Gundy sold 103,088 shares of Braemar stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 220, for a total value of £226,793.60. 16.48% of the stock is currently owned by corporate insiders.

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.