Brooks Macdonald Group (LON:BRK) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Brooks Macdonald Group plc (LON:BRK) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,532.50 and traded as low as GBX 1,330. Brooks Macdonald Group shares last traded at GBX 1,330, with a volume of 77,282 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “buy” rating and set a GBX 1,750 price objective on shares of Brooks Macdonald Group in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Brooks Macdonald Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,800.

Brooks Macdonald Group Stock Performance

The stock has a market cap of £205.46 million, a price-to-earnings ratio of 13.34, a PEG ratio of 0.85 and a beta of 0.77. The stock’s fifty day moving average is GBX 1,391.84 and its 200-day moving average is GBX 1,532.50. The company has a quick ratio of 2.43, a current ratio of 71.82 and a debt-to-equity ratio of 18.64.

Insider Buying and Selling

In other news, insider Euan Munro acquired 26,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of GBX 1,516 per share, for a total transaction of £394,160. Also, insider Maarten Slendebroek acquired 6,800 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of GBX 1,450 per share, with a total value of £98,600. 9.84% of the stock is currently owned by insiders.

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.