Brooks Macdonald Group (LON:BRK) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Brooks Macdonald Group plc (LON:BRK) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,532.50 and traded as low as GBX 1,330. Brooks Macdonald Group shares last traded at GBX 1,330, with a volume of 77,282 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,750 target price on shares of Brooks Macdonald Group in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brooks Macdonald Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,800.

Brooks Macdonald Group Stock Performance

The company has a debt-to-equity ratio of 18.64, a current ratio of 71.82 and a quick ratio of 2.43. The firm has a market capitalization of £205.46 million, a P/E ratio of 13.34, a P/E/G ratio of 0.85 and a beta of 0.77. The stock’s 50 day moving average is GBX 1,391.84 and its two-hundred day moving average is GBX 1,532.50.

Insider Buying and Selling

In other Brooks Macdonald Group news, insider Euan Munro purchased 26,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of GBX 1,516 per share, with a total value of £394,160. Also, insider Maarten Slendebroek purchased 6,800 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of GBX 1,450 per share, with a total value of £98,600. Insiders own 9.84% of the company’s stock.

About Brooks Macdonald Group

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.