Royal Bank of Canada Initiates Coverage on Brooks Macdonald Group (BRK)

Royal Bank of Canada began coverage on shares of Brooks Macdonald Group (LON:BRK) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage issued a sector performer rating and a GBX 1,945 ($25.41) target price on the stock.

Several other research firms also recently issued reports on BRK. Shore Capital raised Brooks Macdonald Group to a buy rating in a research note on Thursday, January 24th. Peel Hunt dropped their price target on Brooks Macdonald Group from GBX 2,500 ($32.67) to GBX 2,350 ($30.71) and set a buy rating on the stock in a research note on Thursday, January 24th. Finally, Numis Securities reaffirmed an add rating and issued a GBX 2,000 ($26.13) target price on shares of Brooks Macdonald Group in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 2,145 ($28.03).

BRK opened at GBX 1,945 ($25.41) on Friday. Brooks Macdonald Group has a 1 year low of GBX 1,350 ($17.64) and a 1 year high of GBX 2,200 ($28.75). The stock has a market capitalization of $265.22 million and a price-to-earnings ratio of 58.58.

In related news, insider Caroline Connellan bought 1,450 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average price of GBX 1,725 ($22.54) per share, with a total value of £25,012.50 ($32,683.26). Also, insider Richard Spencer sold 1,258 shares of Brooks Macdonald Group stock in a transaction dated Friday, May 17th. The shares were sold at an average price of GBX 1,952 ($25.51), for a total value of £24,556.16 ($32,086.97).

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, 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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Analyst Recommendations for Brooks Macdonald Group (LON:BRK)

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