Brooks Macdonald Group (LON:BRK) Shares Pass Above 200 Day Moving Average – Time to Sell?

Brooks Macdonald Group plc (LON:BRK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,433.10 and traded as high as GBX 1,440. Brooks Macdonald Group shares last traded at GBX 1,405, with a volume of 1,935 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 1,600 price objective on shares of Brooks Macdonald Group in a report on Friday, July 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,600 target price on shares of Brooks Macdonald Group in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,650.

Brooks Macdonald Group Stock Down 0.7%

The stock’s 50-day moving average is GBX 1,346.52 and its 200-day moving average is GBX 1,433.10. The stock has a market cap of £217.04 million, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78. The company has a current ratio of 71.82, a quick ratio of 2.43 and a debt-to-equity ratio of 18.64.

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.