Bloomsbury Publishing (LON:BMY) Now Covered by Analysts at Berenberg Bank

Analysts at Berenberg Bank started coverage on shares of Bloomsbury Publishing (LON:BMY) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a GBX 825 ($10.74) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 19.22% from the stock’s previous close.

Bloomsbury Publishing Stock Down 1.1 %

Bloomsbury Publishing stock opened at GBX 692 ($9.01) on Wednesday. The firm has a 50 day simple moving average of GBX 681.76 and a 200 day simple moving average of GBX 651.08. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 4.40. Bloomsbury Publishing has a 1-year low of GBX 400.50 ($5.21) and a 1-year high of GBX 766 ($9.97). The firm has a market capitalization of £563.56 million, a price-to-earnings ratio of 1,774.36 and a beta of 0.66.

Insider Activity at Bloomsbury Publishing

In related news, insider Nigel Newton sold 58,378 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($9.28), for a total transaction of £416,235.14 ($541,831.74). 8.26% of the stock is owned by corporate insiders.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.