Brooks Macdonald Group (LON:BRK) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Brooks Macdonald Group plc (LON:BRK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,858.60 ($23.36) and traded as low as GBX 1,645 ($20.67). Brooks Macdonald Group shares last traded at GBX 1,655 ($20.80), with a volume of 7,362 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a GBX 2,150 ($27.02) price objective on shares of Brooks Macdonald Group in a research report on Monday, September 16th. Shore Capital restated a “hold” rating on shares of Brooks Macdonald Group in a report on Wednesday, October 16th.

Brooks Macdonald Group Stock Performance

The firm has a 50-day moving average price of GBX 1,660.63 and a two-hundred day moving average price of GBX 1,858.60. The company has a debt-to-equity ratio of 2.50, a current ratio of 2.29 and a quick ratio of 2.43. The firm has a market capitalization of £265.63 million, a P/E ratio of 4,243.59, a P/E/G ratio of 0.85 and a beta of 0.80.

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.