Braemar PLC 50.7% potential upside indicated by Canaccord Genuity

Braemar PLC with ticker (LON:BMS) now has a potential upside of 50.7% according to Canaccord Genuity.

BMS.L

Canaccord Genuity set a target price of 410 GBX for the company, which when compared to the Braemar PLC share price of 272 GBX at opening today (21/10/2024) indicates a potential upside of 50.7%. Trading has ranged between 230 (52 week low) and 318 (52 week high) with an average of 71,701 shares exchanging hands daily. The market capitalisation at the time of writing is £88,024,641.

Braemar PLC is a provider of investment, chartering and risk management advice to the shipping and energy markets. The Company’s operations are diversified across tankers, dry cargo, sale and purchase, renewables, financial and offshore. It operates through three segments: Investment advisory, Chartering and Risk advisory. The Chartering segment includes the Company’s shipbroking business, Risk Advisory segment includes its regulated securities business, and Investment Advisory segment focuses on transactional services. It facilitates all stages of shipping purchases and sales, with a focus on both protecting and maximizing its clients’ investments. Its integrated corporate finance and brokerage teams help protect its clients against the turbulent price movements and cyclical liquidity crunches that are commonplace in shipping markets. Its main geographic markets comprise the United Kingdom, Singapore, the United States, Australia, Germany and the Rest of the World.