Bloomsbury Publishing (LON:BMY) Coverage Initiated at Berenberg Bank

Research analysts at Berenberg Bank assumed coverage on shares of Bloomsbury Publishing (LON:BMY) in a research report issued on Wednesday, Digital Look reports. The brokerage set a “buy” rating and a GBX 825 ($10.74) price target on the stock. Berenberg Bank’s price target points to a potential upside of 18.53% from the stock’s current price.

Bloomsbury Publishing Stock Performance

LON BMY traded down GBX 4 ($0.05) during trading hours on Wednesday, hitting GBX 696 ($9.06). 400,672 shares of the stock were exchanged, compared to its average volume of 179,197. Bloomsbury Publishing has a 12-month low of GBX 400.50 ($5.21) and a 12-month high of GBX 766 ($9.97). The stock has a 50-day moving average of GBX 682.24 and a 200 day moving average of GBX 650.79. The company has a market cap of £566.82 million, a price-to-earnings ratio of 1,784.62 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40.

Insider Buying and Selling

In other news, insider Nigel Newton sold 58,378 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 insiders.

Bloomsbury Publishing Company Profile

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.