Braemar Plc (LON:BMS - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 278.28 ($3.48) and traded as low as GBX 238 ($2.98). Braemar shares last traded at GBX 240 ($3.00), with a volume of 293,407 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 410 ($5.13) target price on shares of Braemar in a research report on Thursday, September 19th.
View Our Latest Stock Report on BMS
Braemar Stock Up 1.7 %
The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. The stock's 50 day moving average price is GBX 249.84 and its 200-day moving average price is GBX 278.28. The company has a market cap of £74.57 million, a PE ratio of 1,876.92 and a beta of 1.17.
Braemar Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.7%. Braemar's payout ratio is 10,000.00%.
Insider Transactions at Braemar
In other news, insider James Christopher Duchar Gundy sold 94,112 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 254 ($3.18), for a total value of £239,044.48 ($299,067.28). Company insiders own 46.79% of the company's stock.
About Braemar
(
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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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