Brooks Macdonald Group (LON:BRK) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Brooks Macdonald Group plc (LON:BRK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,500.97 and traded as low as GBX 1,250. Brooks Macdonald Group shares last traded at GBX 1,250, with a volume of 12,041 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,800.

Brooks Macdonald Group Stock Up 0.4%

The company has a debt-to-equity ratio of 18.64, a current ratio of 71.82 and a quick ratio of 2.43. The company has a market cap of £195.42 million, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.85 and a beta of 0.75. The firm’s 50 day simple moving average is GBX 1,370.09 and its 200-day simple moving average is GBX 1,498.24.

Insider Buying and Selling at Brooks Macdonald Group

In other news, insider Maarten Slendebroek bought 6,800 shares of Brooks Macdonald Group stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of GBX 1,450 per share, with a total value of £98,600. Insiders own 10.05% of the company’s stock.

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.