Brooks Macdonald Group (LON:BRK) Shares Pass Below 200 Day Moving Average – What’s Next?

Brooks Macdonald Group plc (LON:BRK)’s share price passed 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 trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,750 price target on shares of Brooks Macdonald Group in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,800.

Brooks Macdonald Group Trading Down 1.5%

The company has a market cap of £205.46 million, a PE ratio of 13.34, a P/E/G ratio of 0.85 and a beta of 0.77. The stock’s 50 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.

Insiders Place Their Bets

In other news, insider Euan Munro bought 26,000 shares of Brooks Macdonald Group stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of GBX 1,516 per share, with a total value of £394,160. Also, insider Maarten Slendebroek bought 6,800 shares of Brooks Macdonald Group stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of GBX 1,450 per share, for a total transaction of £98,600. 10.05% of the stock is owned by corporate 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.