Braemar (LON:BMS) Sets New 1-Year Low on Analyst Downgrade

Braemar Plc (LON:BMS - Get Free Report)'s share price hit 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 ($2.86) 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 Stock Up 3.9 %

The firm has a market capitalization of £77.44 million, a price-to-earnings ratio of 15.60 and a beta of 1.17. The business has a 50 day moving average of GBX 256.64 and a 200 day moving average of GBX 260.12. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23.

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.