Brooks Macdonald Group (LON:BRK) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Brooks Macdonald Group plc (LON:BRK)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,725.57 and traded as low as GBX 1,625. Brooks Macdonald Group shares last traded at GBX 1,645, with a volume of 65,194 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered their price target on Brooks Macdonald Group from GBX 1,900 to GBX 1,850 and set a “sector perform” rating on the stock in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Brooks Macdonald Group presently has a consensus rating of “Hold” and an average target price of GBX 1,875.

Brooks Macdonald Group Stock Performance

The stock has a market cap of £255.07 million, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company’s 50-day simple moving average is GBX 1,638.41 and its 200-day simple moving average is GBX 1,725.35. The company has a quick ratio of 2.43, a current ratio of 2.29 and a debt-to-equity ratio of 2.50.

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.