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

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 825 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 32.42% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bloomsbury Publishing from GBX 700 to GBX 760 and gave the company a “buy” rating in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 800.

Bloomsbury Publishing Price Performance

Shares of BMY stock opened at GBX 623 on Wednesday. Bloomsbury Publishing has a 52-week low of GBX 435 and a 52-week high of GBX 690. The company has a debt-to-equity ratio of 13.80, a quick ratio of 1.04 and a current ratio of 1.77. The firm has a market capitalization of £503.65 million, a P/E ratio of 18.99 and a beta of 0.42. The stock has a 50 day moving average price of GBX 634.43 and a 200 day moving average price of GBX 562.86.

Bloomsbury Publishing (LON:BMY) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 45 EPS for the quarter. Bloomsbury Publishing had a return on equity of 12.74% and a net margin of 8.28%.The company had revenue of £325.90 million for the quarter. As a group, sell-side analysts predict that Bloomsbury Publishing will post 2529.9999179 earnings per share for the current 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.