The stock of Braemar Shipping Services plc (LON:BMS) hit a new 52-week low and has GBX 291.81 target or 11.00% below today’s GBX 327.88 share price. The 6 months bearish chart indicates high risk for the GBX 98.97M company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 291.81 price target is reached, the company will be worth GBX 10.89M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 4.67% or GBX 14.63 on November 10, hitting GBX 327.88. About 34,331 shares traded hands or 1.52% up from the average. Braemar Shipping Services plc (LON:BMS) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
Braemar Shipping Services plc (LON:BMS) Ratings Coverage
Out of 2 analysts covering Braemar Shipping Services (LON:BMS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Braemar Shipping Services has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained it with “Buy” rating and GBX 520 target price in Friday, July 1 report. As per Wednesday, October 28, the company rating was maintained by Westhouse Securities. The firm earned “Hold” rating on Tuesday, August 30 by Cantor Fitzgerald. The company was maintained on Friday, August 21 by Westhouse Securities. The company was maintained on Monday, September 5 by Cantor Fitzgerald. The firm has “Buy” rating given on Thursday, August 4 by Cantor Fitzgerald.
More important recent Braemar Shipping Services plc (LON:BMS) news were published by: Fool.Co.Uk which released: “Should you sell Vodafone Group plc, Braemar Shipping Services plc and …” on June 22, 2016, also Marketwatch.com published article titled: “Clarkson to buy RS Platou for $440 million”, Wsj.com published: “Clarkson in Talks to Buy Norwegian Broker, Investment Bank” on November 14, 2014. More interesting news about Braemar Shipping Services plc (LON:BMS) was released by: Ft.com and their article: “Think small as large-caps’ performance dwindles” with publication date: January 08, 2016.
Braemar Shipping Services plc is an international well-known provider of services to shipping, marine, energy, offshore and insurance industries. The company has a market cap of 98.97 million GBP. The Company’s divisions include Shipbroking, Technical, Logistics and Central. It has a 31.92 P/E ratio. The Company’s Shipbroking division operates through, Braemar ACM Shipbroking Limited, provides specialized shipbroking and consultancy services to international clients, which include tanker chartering for crude and fuel oil, refined petroleum products, petrochemicals, gas, chemicals and liquefied natural gas, sale and purchase of second-hand vessels, newbuilding contracts, demolition of vessels, dry cargo chartering, offshore vessel chartering, ship valuation and research.
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