Brooks Macdonald Group plc (LON:BRK – Get Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,024.49 ($24.87) and traded as low as GBX 1,740 ($21.38). Brooks Macdonald Group shares last traded at GBX 1,750 ($21.50), with a volume of 5,862 shares […]
Brooks Macdonald Group (LON:BRK – Get Rating) had its price objective increased by Royal Bank of Canada from GBX 2,450 ($31.93) to GBX 2,550 ($33.23) in a report released on Wednesday, MarketBeat reports. Royal Bank of Canada currently has a sector perform rating on the stock. Separately, Shore Capital restated a buy rating on shares […]
Brooks Macdonald Group (LON:BRK – Get Rating)‘s stock had its “buy” rating reissued by Shore Capital in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. BRK stock opened at GBX 2,125 ($27.84) on Thursday. Brooks Macdonald Group has a 1 year low of GBX 1,910 ($25.03) and a 1 year […]
It added that Brickability’s biggest purchase to date provides “instant” earnings per share accretion of 25%
Cenkos has concluded Brickability Group PLC’s (LON:BRCK) £63mln acquisition of timber and cladding distributor Taylor Maxwell “significantly short-circuits the group’s medium-term targets of reaching £500m of revenues and £50mln EBITDA and potentially heralds a new era of growth”.
The City broker also reckons the earnings enhancing deal “deepens and hardens” its strong position in UK brick factoring and merchanting, while continuing to build on the strategy of product diversification and increasing average customer wallet size.
“On many levels, Taylor Maxwell is a super acquisition for Brickability and one that should be welcomed by investors who have seen the shares increase by 50% since IPO in July 2019 and more emphatically so post the difficult COVID period,” it said in a note to clients.
11 March 2021 | 09:19am
StockMarketWire.com - Wealth manager Brooks Macdonald reported record annual funds under management driven by lower net outflows and increased investment performance.
For the six months ended 31 December 2020, Funds under management reached a record level of £15.5 billion, u 13.3% from £13.1 billion in 2019.
Investment performance of 9.5%, bettered the increase of 6.5% in the MSCI PIMFA Private Investor Balanced Index, the company said.
Net outflows fell to £367 million from £506 million a year earlier, with Q2 stronger than Q1.
Underlying pre-tax profit was up 21.7% to £14.0 million year-on-year as revenue increased by 1.8% to £55.9 million.
The interim dividend was raised by 9.5% to 23.0p a share.