Brooks Macdonald Group (LON:BRK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Brooks Macdonald Group plc (LON:BRK)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,410.06 and traded as high as GBX 1,590. Brooks Macdonald Group shares last traded at GBX 1,555.32, with a volume of 16,018 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRK. Berenberg Bank boosted their target price on Brooks Macdonald Group from GBX 1,600 to GBX 1,780 and gave the stock a “buy” rating in a research note on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,600 target price on shares of Brooks Macdonald Group in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,710.

Brooks Macdonald Group Trading Down 1.6%

The company has a current ratio of 51.25, a quick ratio of 2.43 and a debt-to-equity ratio of 9.86. The firm has a market cap of £241.35 million, a PE ratio of 103.00, a P/E/G ratio of 0.85 and a beta of 0.79. The business has a fifty day moving average price of GBX 1,425.13 and a 200 day moving average price of GBX 1,410.06.

Brooks Macdonald Group (LON:BRK) last posted its earnings results on Thursday, September 3rd. The company reported GBX 140.80 earnings per share for the quarter. Brooks Macdonald Group had a return on equity of 1.65% and a net margin of 2.05%. Analysts forecast that Brooks Macdonald Group plc will post 155.186722 EPS for the current year.

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.