Brooks Macdonald Group (LON:BRK) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Brooks Macdonald Group plc (LON:BRK)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 1,509.06 and traded as high as GBX 1,545. Brooks Macdonald Group shares last traded at GBX 1,520, with a volume of 4,744 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRK. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,600 price target on shares of Brooks Macdonald Group in a research report on Tuesday, September 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,780 price objective on shares of Brooks Macdonald Group in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,710.

Brooks Macdonald Group Trading Up 1.3%

The stock has a market cap of £241.33 million, a P/E ratio of 100.66, a PEG ratio of 0.85 and a beta of 0.81. The company has a quick ratio of 2.43, a current ratio of 51.25 and a debt-to-equity ratio of 9.86. The business’s 50 day simple moving average is GBX 1,509.06 and its two-hundred day simple moving average is GBX 1,451.85.

Brooks Macdonald Group (LON:BRK) last issued its earnings results on Thursday, September 3rd. The company reported GBX 140.80 earnings per share (EPS) for the quarter. Brooks Macdonald Group had a return on equity of 1.65% and a net margin of 2.05%. As a group, analysts expect that Brooks Macdonald Group plc will post 155.19 EPS for the current year.

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.