Brooks Macdonald Group (LON:BRK) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

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 stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,545.15 ($20.41) and traded as high as GBX 1,845 ($24.37). Brooks Macdonald Group shares last traded at GBX 1,810 ($23.91), with a volume of 6,351 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital downgraded Brooks Macdonald Group to a "hold" rating and set a GBX 1,900 ($25.10) price objective on the stock. in a report on Wednesday, July 16th.

Brooks Macdonald Group Price Performance

The stock has a market cap of £291.78 million, a PE ratio of 45.10, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 2.43, a current ratio of 2.29 and a debt-to-equity ratio of 2.50. The company's fifty day moving average is GBX 1,692.67 and its 200 day moving average is GBX 1,545.15.

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.

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