Bloomsbury Publishing Plc (LON:BMY) Stock Rating Upgraded by Numis Securities Ltd

Bloomsbury Publishing Plc (LON:BMY) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a report released on Tuesday, October 24th. The brokerage currently has a GBX 210 ($2.76) target price on the stock, up from their previous target price of GBX 205 ($2.70). Numis Securities Ltd’s target price indicates a potential upside of 15.07% from the stock’s current price.

A number of other research firms have also recently weighed in on BMY. Peel Hunt reaffirmed an “add” rating and set a GBX 200 ($2.63) target price on shares of Bloomsbury Publishing Plc in a report on Wednesday, October 18th. Investec reissued a “buy” rating and issued a GBX 210 ($2.76) price objective on shares of Bloomsbury Publishing Plc in a report on Tuesday, July 18th.

Shares of Bloomsbury Publishing Plc (LON BMY) opened at GBX 182.50 ($2.40) on Tuesday. Bloomsbury Publishing Plc has a 12-month low of GBX 152 ($2.00) and a 12-month high of GBX 185.41 ($2.44).

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In other news, insider Steven Halll purchased 3,171 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of GBX 172 ($2.26) per share, with a total value of £5,454.12 ($7,173.64).

Bloomsbury Publishing Plc Company Profile

Bloomsbury Publishing Plc is a global publisher. The Company is involved in the publication of books and other related services. The Company operates through four publishing divisions: Adult, Children’s & Educational, Academic & Professional, and Information. These divisions derive their revenue from book publishing, sale of publishing and distribution rights, management and other publishing services.

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