Bloomsbury Publishing (LON:BMY) Hits New 1-Year High – Should You Buy?

Bloomsbury Publishing Plc (LON:BMY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 652 and last traded at GBX 642.76, with a volume of 174983 shares traded. The stock had previously closed at GBX 640.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 825 target price on shares of Bloomsbury Publishing in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 820.

Bloomsbury Publishing Price Performance

The stock has a fifty day moving average of GBX 598.19 and a two-hundred day moving average of GBX 528.20. The stock has a market capitalization of £532.33 million, a price-to-earnings ratio of 23.87 and a beta of 0.40. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 13.80.

Bloomsbury Publishing (LON:BMY) last released its earnings results on Wednesday, May 20th. The company reported GBX 45 EPS for the quarter. The company had revenue of £325.90 million during the quarter. Bloomsbury Publishing had a return on equity of 12.74% and a net margin of 8.28%. As a group, equities research analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current year.

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.