Braemar (BMS)

Sector:

Commercial Transport

252.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 312.50
  • 52 Week Low: 240.00
  • Currency: UK Pounds
  • Shares Issued: 32.92m
  • Volume: 4,403
  • Market Cap: £83.14m
  • RiskGrade: 201
  • Beta: 0.29

Canaccord Genuity starts Braemar off at 'buy'

By Iain Gilbert

Date: Wednesday 28 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity initiated coverage on shipbroking services firm Braemar with a 'buy' rating and 410.0p target price on Wednesday, stating it was "all aboard for the super cycle".
Canaccord Genuity noted that Braemar operates across multiple segments and geographies, offering broking services across a selective but diversified range of segments, including tankers, specialised tankers/products, dry cargo and offshore. It also offers sale and purchase advisory, corporate finance services and securities services.

The Canadian bank stated that with a refreshed and focused management team since 2023, it thinks the shares offer "a rare opportunity" to invest in a company where the fruits of a turnaround are only just starting.

"This reflects a company now refocused on areas of potential competitive advantage where we think Braemar is on the cusp of both compounding upside and outperforming," said Canaccord Genuity. "We see potential in the shares amplified by reduced debt leverage of equity - allowing scope for targeted additional growth (either through new hires or acquisitions). We see long-term EPS progress likely to be accompanied by PER expansion (recovery)."

Canaccord also believes the outperformance was also set to be potentially compounded as the maritime cycle was on the upward part of a potential "super cycle" - due to a shortage of new ship-building capacity and increasingly stringent environmental requirements in key markets.













Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Braemar Market Data

Currency UK Pounds
Share Price 252.50p
Change Today 0.50p
% Change 0.20 %
52 Week High 312.50
52 Week Low 240.00
Volume 4,403
Shares Issued 32.92m
Market Cap £83.14m
Beta 0.29
RiskGrade 201

Braemar Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.15% above the market average77.15% above the market average77.15% above the market average77.15% above the market average77.15% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
36.27% below the market average36.27% below the market average36.27% below the market average36.27% below the market average36.27% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income
76.96% above the market average76.96% above the market average76.96% above the market average76.96% above the market average76.96% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Braemar Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Nov-24 01-Aug-24
Paid 13-Jan-25 09-Sep-24
Amount 4.50p 9.00p

Trades for 03-Dec-2024

Time Volume / Share Price
09:13 3,978 @ 251.72p
08:00 425 @ 256.30p

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