Cantor Fitzgerald Indicates Potential 28.65% Increase In Shares Of Braemar Shipping Services PLC

In International Shipping News 04/07/2016

On Friday Cantor Fitzgerald reiterated its broker consensus on shares of Braemar Shipping Services PLC (LON:BMS) giving the company a ‘Buy’ rating.

Cantor Fitzgerald gave shares of Braemar Shipping Services PLC a price target of 520 indicating a potential increase of 28.65% from Braemar Shipping Services PLC’s current price of 404.2.

Braemar Shipping Services PLC has 29,479,000 shares in issue which have a share price of 404.2 giving Braemar Shipping Services PLC a market capitalisation of 119.15M GBp .

The 52 week high of Braemar Shipping Services PLC’s shares is 500 whilst the 52 week low for the company’s shares is 402. The 50 day moving average of LON:BMS is 441.19 and the 200 day moving average is 440.08.

Braemar Shipping Services PLC is an international provider of services to shipping, marine, energy, offshore and insurance industries. It operates in four business segments: Ship broking, Technical, Logistics and Environmental. The Ship broking segment offers spot and period chartering, sales and purchase, market research and freight derivatives brokering across all major commercial shipping sectors. The technical division offers a range of engineering, environmental technical consultancy firms serving the shipping, offshore, energy and insurance sectors. The Logistics division offers services for Port Agency, Liner and Logistics through a network of offices and provides transport across the world. The technical division consists of Braemar Adjusting, Braemar Engineering, Braemar Howells, Braemar Offshore and Braemar (Incorporating the Salvage Association).

Source: MarketBeat