Braemar (LON:BMS) Sets New 12-Month Low – What’s Next?

Posted by Jeanne O'Marion on Nov 21st, 2024

Braemar Plc (LON:BMS – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 238 ($3.01) and last traded at GBX 239 ($3.02), with a volume of 126196 shares traded. The stock had previously closed at GBX 246 ($3.11).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 410 ($5.19) target price on shares of Braemar in a research note on Thursday, September 19th.

Read Our Latest Research Report on BMS

Braemar Price Performance

The firm has a market cap of £73.04 million, a price-to-earnings ratio of 1,853.85 and a beta of 1.17. The stock’s fifty day moving average price is GBX 273.89 and its 200-day moving average price is GBX 288.25. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61.

Braemar Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, November 21st. Braemar’s dividend payout ratio is currently 10,000.00%.

Braemar Company Profile

(Get Free Report)

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, 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.