Shore Capital Reaffirms Buy Rating for Brooks Macdonald Group (LON:BRK)

Shore Capital reiterated their buy rating on shares of Brooks Macdonald Group (LON:BRK) in a research report report published on Wednesday morning, Digital Look reports. Shore Capital currently has a GBX 2,300 ($30.05) price target on the stock, up from their previous price target of GBX 2,000 ($26.13).

Several other research analysts have also issued reports on BRK. Royal Bank of Canada initiated coverage on shares of Brooks Macdonald Group in a research note on Friday, May 24th. They issued a sector performer rating and a GBX 1,945 ($25.41) target price on the stock. Peel Hunt reaffirmed a buy rating and issued a GBX 2,490 ($32.54) target price (up previously from GBX 2,350 ($30.71)) on shares of Brooks Macdonald Group in a research note on Monday, September 9th.

Shares of LON BRK opened at GBX 1,975 ($25.81) on Wednesday. The firm has a market capitalization of $275.57 million and a PE ratio of 47.36. Brooks Macdonald Group has a 1 year low of GBX 1,350 ($17.64) and a 1 year high of GBX 2,200 ($28.75). The firm’s 50-day moving average is GBX 1,908.08 and its 200-day moving average is GBX 1,858.64.

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, September 26th will be paid a GBX 32 ($0.42) dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, September 26th. This is a positive change from Brooks Macdonald Group’s previous dividend of $19.00. Brooks Macdonald Group’s dividend payout ratio (DPR) is 1.22%.

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, charities, professional intermediaries, and trustees in the United Kingdom and internationally. It operates through Investment Management, Financial Planning, and International segments.

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