Brooks Macdonald Group (LON:BRK) Given New GBX 2,550 Price Target at Royal Bank of Canada

Brooks Macdonald Group (LON:BRKGet Rating) had its price objective hoisted by Royal Bank of Canada from GBX 2,450 ($31.93) to GBX 2,550 ($33.23) in a research report sent to investors on Wednesday, Marketbeat reports. The firm currently has a sector perform rating on the stock.

Separately, Shore Capital restated a buy rating on shares of Brooks Macdonald Group in a report on Thursday, March 10th.

LON:BRK opened at GBX 2,423.30 ($31.58) on Wednesday. Brooks Macdonald Group has a twelve month low of GBX 1,910 ($24.89) and a twelve month high of GBX 2,800 ($36.49). The firm has a market capitalization of £392.36 million and a price-to-earnings ratio of 21.59. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 4.27. The stock’s 50 day moving average price is GBX 2,343.43 and its two-hundred day moving average price is GBX 2,520.95.

The company also recently announced a dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 17th will be given a GBX 26 ($0.34) dividend. This represents a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, March 17th. Brooks Macdonald Group’s payout ratio is 0.56%.

In related news, insider Ben Thorpe sold 1,188 shares of Brooks Macdonald Group stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of GBX 2,210 ($28.80), for a total transaction of £26,254.80 ($34,212.67).

About Brooks Macdonald Group (Get Rating)

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 and the Channel Islands. It operates through two segments, UK Investment Management and International.

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