Braemar (LON:BMS) Hits New 1-Year Low After Analyst Downgrade

Braemar Plc (LON:BMSGet Free Report)’s stock price reached a new 52-week low during trading on Monday after Canaccord Genuity Group lowered their price target on the stock from GBX 380 to GBX 350. Canaccord Genuity Group currently has a buy rating on the stock. Braemar traded as low as GBX 221.01 ($2.86) and last traded at GBX 250 ($3.24), with a volume of 116768 shares changing hands. The stock had previously closed at GBX 260 ($3.37).

Braemar Price Performance

The firm has a market cap of £83.90 million, a P/E ratio of 16.90 and a beta of 1.17. The business has a 50-day simple moving average of GBX 257.54 and a 200 day simple moving average of GBX 261.01. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42.

About Braemar

(Get Free Report)

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.

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