Bloomsbury Publishing (LON:BMY) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Bloomsbury Publishing (LON:BMY) in a research report sent to investors on Wednesday,Digital Look reports. The firm issued a buy rating and a GBX 825 ($10.74) target price on the stock.

Bloomsbury Publishing Stock Down 0.3 %

Shares of Bloomsbury Publishing stock traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 698 ($9.09). 403,547 shares of the company’s stock traded hands, compared to its average volume of 179,211. The company’s 50 day simple moving average is GBX 682.24 and its 200 day simple moving average is GBX 650.79. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.04 and a current ratio of 1.67. Bloomsbury Publishing has a 52 week low of GBX 400.50 ($5.21) and a 52 week high of GBX 766 ($9.97). The company has a market cap of £568.45 million, a price-to-earnings ratio of 1,784.62 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 3.89 ($0.05) per share. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 31st. Bloomsbury Publishing’s dividend payout ratio is 3,846.15%.

Insider Activity

In related news, insider Nigel Newton sold 58,378 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.28), for a total transaction of £416,235.14 ($541,831.74). 8.26% of the stock is owned by corporate insiders.

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.