Brooks Macdonald Group (LON:BRK) Stock Crosses Below 200-Day Moving Average – Here’s Why

Brooks Macdonald Group plc (LON:BRK)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,471.26 and traded as low as GBX 1,315. Brooks Macdonald Group shares last traded at GBX 1,315, with a volume of 9,668 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Shore Capital Group reissued a “buy” rating and set a GBX 1,750 price target on shares of Brooks Macdonald Group in a research report on Thursday, April 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,600 price objective on shares of Brooks Macdonald Group in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,733.33.

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 stock has a 50-day moving average price of GBX 1,338.72 and a 200-day moving average price of GBX 1,471.26. The firm has a market capitalization of £203.14 million, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77.

Insider Activity

In related news, insider Maarten Slendebroek purchased 6,800 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average cost of GBX 1,450 per share, with a total value of £98,600. Company insiders own 10.05% of the company’s stock.

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.