Brooks Macdonald Group (LON:BRK) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Shares of Brooks Macdonald slid below their 200‑day moving average on Friday, trading as low as GBX 1,355 and last at GBX 1,450 versus the 200‑day MA of GBX 1,600.63, a bearish technical signal.
• Analysts remain mildly positive: Shore Capital reissued a Buy with a GBX 1,750 target and the consensus rating is "Moderate Buy" with an average price target of GBX 1,800.
• Insiders have been buying recently (Euan Munro 26,000 shares; Maarten Slendebroek 6,800 shares) and collectively own about 9.84% of the stock, suggesting some management confidence despite the pullback.

Shares of Brooks Macdonald Group plc (LON:BRK - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,600.63 and traded as low as GBX 1,355. Brooks Macdonald Group shares last traded at GBX 1,450, with a volume of 11,619 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a "buy" rating and issued a GBX 1,750 price objective on shares of Brooks Macdonald Group in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,800.

Brooks Macdonald Group Stock Up 3.2%

The firm has a market cap of £224.00 million, a PE ratio of 14.54, a P/E/G ratio of 0.85 and a beta of 0.76. The stock has a 50-day simple moving average of GBX 1,484.31 and a two-hundred day simple moving average of GBX 1,600.63. The company has a quick ratio of 2.43, a current ratio of 71.82 and a debt-to-equity ratio of 18.64.

Brooks Macdonald Group (LON:BRK - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported GBX 66.10 EPS for the quarter. Brooks Macdonald Group had a return on equity of 4.43% and a net margin of 5.71%. Analysts expect that Brooks Macdonald Group plc will post 155.186722 earnings per share for the current year.

Insider Activity

In other Brooks Macdonald Group news, insider Euan Munro bought 26,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of GBX 1,516 per share, with a total value of £394,160. Also, insider Maarten Slendebroek bought 6,800 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of GBX 1,450 per share, for a total transaction of £98,600. 9.84% of the stock is owned by company 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.

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