Brooks Macdonald Group (LON:BRK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Brooks Macdonald Group plc (LON:BRK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,441.43 and traded as high as GBX 1,450. Brooks Macdonald Group shares last traded at GBX 1,440, with a volume of 2,212 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Shore Capital Group reiterated a “buy” rating and set a GBX 1,750 price objective on shares of Brooks Macdonald Group in a 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. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,600 target price on shares of Brooks Macdonald Group in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,650.

Brooks Macdonald Group Price Performance

The company has a debt-to-equity ratio of 18.64, a quick ratio of 2.43 and a current ratio of 71.82. The business has a 50 day simple moving average of GBX 1,338.72 and a two-hundred day simple moving average of GBX 1,441.43. The firm has a market capitalization of £217.04 million, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77.

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.