Braemar (LON:BMS) Reaches New 12-Month Low Following Analyst Downgrade

Braemar Plc (LON:BMS) reached a new 52-week low 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 ($2.85) and last traded at GBX 250 ($3.23), with a volume of 116768 shares traded. The stock had previously closed at GBX 260 ($3.36).

Braemar Price Performance

The company’s 50-day simple moving average is GBX 257.58 and its 200-day simple moving average is GBX 261.65. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23. The company has a market cap of £80.67 million, a price-to-earnings ratio of 16.25 and a beta of 1.17.

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.