Brooks Macdonald Group (LON:BRK) Share Price Passes Below 200-Day Moving Average – What’s Next?

Brooks Macdonald Group plc (LON:BRK)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,750 price objective on shares of Brooks Macdonald Group in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,800.

Brooks Macdonald Group Stock Performance

The firm has a market cap of £198.51 million, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.85 and a beta of 0.75. The company has a current ratio of 71.82, a quick ratio of 2.43 and a debt-to-equity ratio of 18.64. The stock’s 50 day moving average is GBX 1,349.39 and its 200 day moving average is GBX 1,482.65.

Insider Activity

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

Brooks Macdonald Group Company Profile

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.