Braemar Plc’s Account Freezing Order Amid Investigation

The latest update is out from Braemar Shipping Services ( (GB:BMS) ).

Braemar Plc has been involved in an independent investigation concerning transactions from 2006 to 2013, resulting in a $2.5 million provision in its accounts. The National Crime Agency has now secured an account freezing order on the ring-fenced amount, which does not affect the company’s trading or net assets, and Braemar is cooperating fully with the authorities.

The most recent analyst rating on (GB:BMS) stock is a Buy with a £410.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.

Spark’s Take on GB:BMS Stock

According to Spark, TipRanks’ AI Analyst, GB:BMS is a Neutral.

Braemar Shipping Services shows a stable financial condition with moderate profitability and sound financial management, though cash flow challenges exist. The valuation is appealing with a reasonable P/E ratio and high dividend yield. Technical analysis presents mixed signals, with potential short-term bearish momentum. Recent corporate events indicate strong resilience and positive long-term prospects despite geopolitical challenges.

To see Spark’s full report on GB:BMS stock, click here.

More about Braemar Shipping Services

Braemar Plc provides expert advice in shipping investment, chartering, and risk management, helping clients secure sustainable returns and mitigate risks in the volatile shipping industry. The company, which joined the London Stock Exchange in 1997, offers integrated services through experienced brokers and specialist professionals.

Average Trading Volume: 54,583

Technical Sentiment Signal: Sell

Current Market Cap: £74.51M

Learn more about BMS stock on TipRanks’ Stock Analysis page.