Brooks Macdonald Executes Share Buyback, Cancels 12,000 Shares

Brooks Macdonald ( (GB:BRK) ) has provided an announcement.

Brooks Macdonald Group PLC announced the purchase and cancellation of 12,000 ordinary shares as part of its Share Buyback programme. This transaction, executed at a volume-weighted average price of 1,505.00 pence per share, reduces the company’s total issued share capital to 16,153,539 shares, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.

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 strong financial position and strategic corporate actions such as share buybacks and market listing transition boost its appeal. Despite some profitability challenges and mixed technical indicators, the stock’s solid valuation and attractive dividend yield provide a strong investment case.

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. Established in 1991, the company is known for its independent and financially strong position, offering innovative investment solutions to support Independent Financial Advisors (IFAs) and their clients. Brooks Macdonald is recognized for its Managed Portfolio Service and aims to deliver consistent investment performance to meet clients’ financial objectives.

Average Trading Volume: 148,293

Technical Sentiment Signal: Sell

Current Market Cap: £236.5M

For detailed information about BRK stock, go to TipRanks’ Stock Analysis page.