Brooks Macdonald Group (LON:BRK) Share Price Crosses Below 200 Day Moving Average – Should You 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 1,471.26 and traded as low as GBX 1,315. Brooks Macdonald Group shares last traded at GBX 1,315, with a volume of 9,668 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BRK. Shore Capital Group restated a “buy” rating and issued a GBX 1,750 price target on shares of Brooks Macdonald Group in a research report on Thursday, April 16th. Berenberg Bank reissued a “buy” rating and set a GBX 1,600 price target on shares of Brooks Macdonald Group in a report on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,733.33.

Brooks Macdonald Group Stock Down 1.1%

The stock’s 50 day moving average is GBX 1,338.72 and its 200 day moving average is GBX 1,471.26. The company has a quick ratio of 2.43, a current ratio of 71.82 and a debt-to-equity ratio of 18.64. The firm has a market cap of £203.14 million, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77.

Insider Buying and Selling

In other Brooks Macdonald Group news, insider Maarten Slendebroek purchased 6,800 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of GBX 1,450 per share, for a total transaction of £98,600. 10.05% of the stock is currently owned by corporate insiders.

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.