Canaccord Genuity Group initiated coverage on shares of Braemar (LON:BMS - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a GBX 410 ($5.41) price target on the stock.
Braemar Price Performance
LON BMS traded up GBX 0.50 ($0.01) on Wednesday, hitting GBX 297.50 ($3.92). The stock had a trading volume of 42,930 shares, compared to its average volume of 65,416. The firm has a 50-day moving average of GBX 300.44 and a 200-day moving average of GBX 284.45. The company has a market capitalization of £90.92 million, a price-to-earnings ratio of 2,269.23 and a beta of 1.16. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. Braemar has a 52-week low of GBX 230 ($3.03) and a 52-week high of GBX 317.64 ($4.19).
Braemar Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, August 1st will be given a dividend of GBX 9 ($0.12) per share. This represents a yield of 3.19%. This is a boost from Braemar's previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, August 1st. Braemar's payout ratio is presently 10,000.00%.
Insider Buying and Selling at Braemar
In other Braemar news, insider Tristram Simmonds sold 12,425 shares of the business's stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of GBX 300 ($3.96), for a total value of £37,275 ($49,156.01). In other Braemar news, insider Tristram Simmonds sold 12,425 shares of the firm's stock in a transaction dated Monday, July 8th. The stock was sold at an average price of GBX 300 ($3.96), for a total transaction of £37,275 ($49,156.01). Also, insider James Christopher Duchar Gundy acquired 10,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of GBX 298 ($3.93) per share, with a total value of £29,800 ($39,298.43). Insiders own 51.46% of the company's stock.
Braemar Company Profile
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Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Chartering, Investment Advisory, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.
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