Berenberg Bank Reaffirms Buy Rating for Bloomsbury Publishing (LON:BMY)

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report issued on Tuesday, London Stock Exchange reports. They presently have a GBX 825 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 35.25% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Bloomsbury Publishing from GBX 700 to GBX 760 and gave the stock a “buy” rating in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 800.

Bloomsbury Publishing Stock Down 2.9%

Shares of LON:BMY opened at GBX 610 on Tuesday. The company has a debt-to-equity ratio of 13.80, a quick ratio of 1.04 and a current ratio of 1.77. Bloomsbury Publishing has a 52-week low of GBX 435 and a 52-week high of GBX 690. The business’s 50 day simple moving average is GBX 635.24 and its two-hundred day simple moving average is GBX 605.59. The firm has a market cap of £493.14 million, a P/E ratio of 18.60 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.