Bloomsbury Publishing (LON:BMY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 618.66 and traded as high as GBX 622. Bloomsbury Publishing shares last traded at GBX 621, with a volume of 1,394,205 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft increased their target price on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the stock a “buy” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 792.50.

Bloomsbury Publishing Stock Up 0.2%

The company has a debt-to-equity ratio of 13.80, a current ratio of 1.77 and a quick ratio of 1.04. The stock has a fifty day moving average price of GBX 631.10 and a two-hundred day moving average price of GBX 619.08. The company has a market cap of £501.23 million, a P/E ratio of 18.90 and a beta of 0.42.

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.