Brooks Macdonald Executes Share Buyback, Adjusts Share Capital

An update from Brooks Macdonald ( (GB:BRK) ) is now available.

Brooks Macdonald Group plc announced the purchase and cancellation of 3,000 ordinary shares as part of its Share Buyback programme, at a price of 1,580.00 pence per share. This transaction reduces the company’s total issued share capital to 16,091,539 shares, impacting the voting rights and shareholding calculations for stakeholders under FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BRK) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Brooks Macdonald stock, see the GB:BRK Stock Forecast page.

Spark’s Take on GB:BRK Stock

According to Spark, TipRanks’ AI Analyst, GB:BRK is a Outperform.

Brooks Macdonald’s overall score is driven by strong financial health and strategic corporate initiatives such as share buybacks and market listing upgrades. While technical indicators present mixed signals, the company’s solid valuation and attractive dividend yield enhance its investment appeal. Challenges in profitability are offset by robust cash flow management and low financial leverage, supporting a favorable outlook.

To see Spark’s full report on GB:BRK stock, click here.

More about Brooks Macdonald

Brooks Macdonald Group plc is a leading provider of wealth management services in the UK. Since 1991, the company has been serving Independent Financial Advisors (IFAs) and clients with innovative investment solutions, aiming to deliver strong and consistent investment performance. Brooks Macdonald is recognized for its pioneering products, such as the Managed Portfolio Service, and is known for its financial strength and independence.

Average Trading Volume: 69,862

Technical Sentiment Signal: Sell

Current Market Cap: £247.1M

Learn more about BRK stock on TipRanks’ Stock Analysis page.