Brooks Macdonald Group (LON:BRK) Receives “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Brooks Macdonald Group (LON:BRK) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on BRK. Peel Hunt restated a buy rating and set a GBX 2,490 ($32.54) price objective (up from GBX 2,350 ($30.71)) on shares of Brooks Macdonald Group in a report on Monday, September 9th. Royal Bank of Canada began coverage on Brooks Macdonald Group in a report on Friday, May 24th. They set a sector performer rating and a GBX 1,945 ($25.41) price objective for the company.

Shares of BRK stock opened at GBX 1,952.50 ($25.51) on Thursday. Brooks Macdonald Group has a fifty-two week low of GBX 1,350 ($17.64) and a fifty-two week high of GBX 2,200 ($28.75). The firm has a market capitalization of $272.43 million and a PE ratio of 46.82. The stock’s 50-day simple moving average is GBX 1,908.94 and its 200-day simple moving average is GBX 1,845.90.

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 32 ($0.42) per share. This represents a dividend yield of 1.61%. This is an increase from Brooks Macdonald Group’s previous dividend of $19.00. The ex-dividend date of this dividend is Thursday, September 26th. Brooks Macdonald Group’s dividend payout ratio is presently 1.22%.

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, charities, professional intermediaries, and trustees in the United Kingdom and internationally. It operates through Investment Management, Financial Planning, and International segments.

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