Brooks Macdonald Group (LON:BRK) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Brooks Macdonald Group plc (LON:BRKGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,482.65 and traded as low as GBX 1,260. Brooks Macdonald Group shares last traded at GBX 1,285, with a volume of 44,565 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BRK shares. Berenberg Bank restated a “buy” rating and set a GBX 1,600 price target on shares of Brooks Macdonald Group in a research note on Friday. Shore Capital Group restated a “buy” rating and issued a GBX 1,750 price target on shares of Brooks Macdonald Group in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,733.33.

Check Out Our Latest Research Report on Brooks Macdonald Group

Brooks Macdonald Group Stock Up 1.9%

The stock has a market capitalization of £202.37 million, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77. The firm has a 50-day moving average of GBX 1,347.09 and a 200 day moving average of GBX 1,481.44. The company has a current ratio of 71.82, a quick ratio of 2.43 and a debt-to-equity ratio of 18.64.

Insider Buying and Selling

In other news, insider Maarten Slendebroek acquired 6,800 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was bought at an average cost of GBX 1,450 per share, with a total value of £98,600. 10.05% of the stock is owned by corporate insiders.

About Brooks Macdonald Group

(Get Free Report)

Brooks Macdonald Group plc, through its subsidiaries, provides a range of investment and wealth management services to private clients, pension funds, professional intermediaries, and trustees in the United Kingdom, Isle of Man, and the Channel Islands. It operates through two segments, UK Investment Management and International. The company offers financial planning advisory services to high-net-worth individuals and families; and multi-asset and specialist fund products to the retail sector, as well as investment options.

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