Bloomsbury Publishing (LON:BMY) Sets New 52-Week High – Time to Buy?

Bloomsbury Publishing Plc (LON:BMY)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 690 and last traded at GBX 687, with a volume of 36,766 shares trading hands. The stock had previously closed at GBX 682.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 825 price target on shares of Bloomsbury Publishing in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Bloomsbury Publishing has a consensus rating of “Buy” and an average target price of GBX 792.50.

Bloomsbury Publishing Stock Performance

The company has a market capitalization of £548.90 million, a PE ratio of 20.70 and a beta of 0.42. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 13.80. The business’s fifty day moving average is GBX 636.99 and its two-hundred day moving average is GBX 626.81.

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. 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.