Macquarie Reiterates “Neutral” Rating for Brewin Dolphin Holdings plc (BRW)
Brewin Dolphin Holdings plc (LON:BRW)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a research note issued to investors on Friday. They currently have a GBX 267 ($3.49) price objective on the stock. Macquarie’s price target points to a potential downside of 1.44% from the stock’s current price.
A number of other brokerages have also recently issued reports on BRW. Shore Capital reissued a “buy” rating on shares of Brewin Dolphin Holdings plc in a report on Wednesday, July 27th. Peel Hunt lifted their price objective on Brewin Dolphin Holdings plc from GBX 275 ($3.59) to GBX 305 ($3.98) and gave the company an “add” rating in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 275 ($3.59) price objective on shares of Brewin Dolphin Holdings plc in a report on Wednesday, July 27th. Canaccord Genuity reissued a “hold” rating and set a GBX 260 ($3.39) price objective on shares of Brewin Dolphin Holdings plc in a report on Wednesday, July 27th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 265 ($3.46) price objective on shares of Brewin Dolphin Holdings plc in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 292.78 ($3.82).
Brewin Dolphin Holdings plc (LON:BRW) traded down 0.70% during trading on Friday, hitting GBX 269.00. 348,793 shares of the stock traded hands. The stock’s market cap is GBX 728.80 million. Brewin Dolphin Holdings plc has a 52 week low of GBX 150.00 and a 52 week high of GBX 319.30. The firm’s 50-day moving average is GBX 271.91 and its 200 day moving average is GBX 259.39.
In other Brewin Dolphin Holdings plc news, insider Andrew Westenberger purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average cost of GBX 263 ($3.43) per share, with a total value of £65,750 ($85,824.30). Also, insider David Richardson Nicol purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was acquired at an average cost of GBX 270 ($3.52) per share, with a total value of £27,000 ($35,243.44).
About Brewin Dolphin Holdings plc
Brewin Dolphin Holdings PLC is a United Kingdom-based provider of wealth management services. The Company provides a range of investment management and financial advice services in the United Kingdom, Channel Islands and the Republic of Ireland. The Company’s services include financial planning, which include advice on investment, protection or retirement requirements; managed portfolio service (MPS), which is provided for financial advisors; Brewin portfolio service (BPS); advisory, which is provided either as Advisory Managed or Dealing with Advice, and custody, trade execution and settlement services.
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