Brooks Macdonald Group (LON:BRK) Stock Crosses Above 200 Day Moving Average of $1,919.97

Brooks Macdonald Group plc (LON:BRK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,919.97 ($23.58) and traded as high as GBX 1,940 ($23.82). Brooks Macdonald Group shares last traded at GBX 1,925 ($23.64), with a volume of 23,341 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Brooks Macdonald Group in a research note on Thursday.

Brooks Macdonald Group Stock Performance

The company has a debt-to-equity ratio of 3.27, a current ratio of 3.18 and a quick ratio of 2.43. The company has a market capitalization of £318.11 million, a price-to-earnings ratio of 1,699.12, a price-to-earnings-growth ratio of 0.85 and a beta of 0.84. The firm has a fifty day simple moving average of GBX 1,779.55 and a 200 day simple moving average of GBX 1,919.97.

Brooks Macdonald Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 3rd. Investors of record on Thursday, September 21st were issued a GBX 47 ($0.58) dividend. This represents a yield of 2.44%. The ex-dividend date was Thursday, September 21st. This is a positive change from Brooks Macdonald Group’s previous dividend of $28.00. Brooks Macdonald Group’s payout ratio is presently 6,637.17%.

Insider Buying and Selling at Brooks Macdonald Group

In other news, insider Andrew William Shepherd sold 2,067 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of GBX 1,900 ($23.33), for a total transaction of £39,273 ($48,229.15). Insiders own 13.46% of the company’s stock.

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.