Bloomsbury Publishing (LON:BMY) Receives “Buy” Rating from Berenberg Bank

Bloomsbury Publishing (LON:BMY)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 825 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 38.94% from the stock’s current price.

Bloomsbury Publishing Price Performance

Shares of LON:BMY opened at GBX 593.80 on Wednesday. Bloomsbury Publishing has a 12 month low of GBX 435 and a 12 month high of GBX 654. The firm has a market capitalization of £483.33 million, a price-to-earnings ratio of 21.67 and a beta of 0.40. The business’s 50 day simple moving average is GBX 590.09 and its 200-day simple moving average is GBX 521.69. The company has a debt-to-equity ratio of 14.44, a current ratio of 1.63 and a quick ratio of 1.04.

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.