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

Braemar Plc (LON:BMS)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 236 ($2.97) and last traded at GBX 238.76 ($3.00), with a volume of 88412 shares changing hands. The stock had previously closed at GBX 244 ($3.07).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 410 ($5.15) target price on shares of Braemar in a research note on Thursday, September 19th.

Braemar Price Performance

The stock’s 50 day moving average is GBX 256.07 and its two-hundred day moving average is GBX 282.16. The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. The stock has a market capitalization of £72.97 million, a PE ratio of 1,836.62 and a beta of 1.17.

Braemar Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 13th. Investors 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 payout ratio is 10,000.00%.

Insider Activity at Braemar

In other Braemar 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 ($3.19), for a total value of £239,044.48 ($300,458.12). 46.79% of the stock is owned by corporate insiders.

About Braemar

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.