Berenberg Bank Reiterates Buy Rating for Brooks Macdonald Group (LON:BRK)

Brooks Macdonald Group (LON:BRK)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 1,600 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 22.49% from the stock’s previous close.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 1,750 price objective on shares of Brooks Macdonald Group in a research note on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,733.33.

Brooks Macdonald Group Price Performance

BRK opened at GBX 1,306.25 on Friday. The stock’s 50-day moving average price is GBX 1,349.39 and its 200 day moving average price is GBX 1,482.65. Brooks Macdonald Group has a 12-month low of GBX 1,240 and a 12-month high of GBX 1,880. The firm has a market cap of £201.79 million, a price-to-earnings ratio of 13.10, a PEG ratio of 0.85 and a beta of 0.75. The company has a current ratio of 71.82, a quick ratio of 2.43 and a debt-to-equity ratio of 18.64.

Insider Transactions at Brooks Macdonald Group

In related news, insider Maarten Slendebroek bought 6,800 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of GBX 1,450 per share, for a total transaction of £98,600. Company insiders own 10.05% 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. 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.