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

Shares of Brooks Macdonald Group plc (LON:BRK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,421.64 and traded as high as GBX 1,430. Brooks Macdonald Group shares last traded at GBX 1,405, with a volume of 2,147 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BRK shares. Berenberg Bank restated 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 report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,650.

Brooks Macdonald Group Price Performance

The firm has a market capitalization of £227.09 million, a P/E ratio of 14.74, a P/E/G ratio of 0.85 and a beta of 0.78. The business’s fifty day moving average is GBX 1,362.82 and its 200 day moving average is GBX 1,420.48. The company has a current ratio of 71.82, a quick ratio of 2.43 and a debt-to-equity ratio of 18.64.

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.