Brooks Macdonald Group (LON:BRK) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Brooks Macdonald Group's stock price has recently crossed above its 200-day moving average of GBX 1,545.15, reaching a peak of GBX 1,845 during trading.
• Shore Capital has downgraded the stock to a "hold" rating while setting a price objective of GBX 1,900 ($25.10).
• The company has a market cap of £291.78 million and a relatively high PE ratio of 45.10.

Brooks Macdonald Group plc (LON:BRK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,545.15 ($20.54) and traded as high as GBX 1,845 ($24.52). Brooks Macdonald Group shares last traded at GBX 1,810 ($24.06), with a volume of 6,351 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital downgraded Brooks Macdonald Group to a "hold" rating and set a GBX 1,900 ($25.25) price target on the stock. in a research note on Wednesday, July 16th.

Brooks Macdonald Group Trading Up 0.3%

The company has a debt-to-equity ratio of 2.50, a quick ratio of 2.43 and a current ratio of 2.29. The company has a 50 day simple moving average of GBX 1,702.77 and a two-hundred day simple moving average of GBX 1,549.79. The firm has a market cap of £292.59 million, a PE ratio of 45.23, a P/E/G ratio of 0.85 and a beta of 0.80.

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.