Brooks Macdonald Group plc’s (BRK) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Brooks Macdonald Group plc (LON:BRK) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 2,305 ($30.42) target price on the stock.

BRK has been the subject of a number of other research reports. Shore Capital reiterated a sell rating on shares of Brooks Macdonald Group plc in a report on Friday, October 6th. Macquarie reiterated a neutral rating and issued a GBX 2,089 ($27.57) price target on shares of Brooks Macdonald Group plc in a report on Wednesday, September 27th. Peel Hunt lowered Brooks Macdonald Group plc to a hold rating and lowered their price target for the company from GBX 2,290 ($30.22) to GBX 2,150 ($28.37) in a report on Thursday, July 27th. N+1 Singer reiterated an under review rating on shares of Brooks Macdonald Group plc in a report on Thursday, July 27th. Finally, Numis Securities Ltd reiterated a hold rating and issued a GBX 2,250 ($29.69) price target on shares of Brooks Macdonald Group plc in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Brooks Macdonald Group plc presently has an average rating of Hold and a consensus target price of GBX 2,203.17 ($29.07).

Shares of Brooks Macdonald Group plc (BRK) traded up GBX 9 ($0.12) during midday trading on Friday, hitting GBX 1,975 ($26.06). The company had a trading volume of 3,445 shares.

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The business also recently announced a dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, September 28th were issued a dividend of GBX 26 ($0.34) per share. The ex-dividend date was Thursday, September 28th. This represents a yield of 1.24%. This is a positive change from Brooks Macdonald Group plc’s previous dividend of $15.00.

In other Brooks Macdonald Group plc news, insider Nicholas Holmes sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of GBX 1,955 ($25.80), for a total transaction of £39,100 ($51,596.73).

About Brooks Macdonald Group plc

Brooks Macdonald Group plc is a United Kingdom-based company, which offers a range of investment management services and related professional advice to private high net worth individuals, charities and trusts. The Company also provides financial planning, as well as offshore fund management and administration services and acts as fund manager to regulated open-ended investment companies (OEICs), providing specialist funds in the property and structured return sectors and managing property assets on behalf of these funds and other clients.

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