Brewin Dolphin Holdings (LON:BRW) Receives a Lower Rating From N+1 Singer Ltd. Will This be Detrimental to the Share Price?

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Brewin Dolphin Holdings (LON:BRW) Receives a Downgrade

N+1 Singer Ltd has just cut their rating on shares of Brewin Dolphin Holdings (LON:BRW) to a “Hold” and currently has a GBX 300 PT on the stock. This was made public in a very recent research note on Wednesday, 16 December.

From a total of 9 analysts covering Brewin Dolphin Holdings PLC (LON:BRW) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is GBX 353 while the lowest target price is GBX 270. The mean of all analyst targets is GBX 301.33 with a 4.08% above today’s (GBX 288.6) stock price. Brewin Dolphin Holdings PLC was the topic of 28 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Liberum Capital upgraded shares on December 8 to “Buy” rating. Canaccord Genuity maintained shares with “Buy” rating and GBX 309 target share price in a report from an October 8. Numis Securities maintained BRW stock in a recent report from December 4 with “Hold” rating. N+1 Singer maintained the rating on October 6. N+1 Singer has a “Buy” rating and a GBX 300 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 19.

Approximately 40,008 shares of stock traded hands. Brewin Dolphin Holdings plc (LON:BRW) has declined 18.99% since May 19, 2015 and is downtrending. It has underperformed by 16.37% the S&P500.

 Brewin Dolphin Holdings (LON:BRW) Receives a Lower Rating From N+1 Singer Ltd. Will This be Detrimental to the Share Price?

Brewin Dolphin Holdings PLC is a United Kingdom firm that provides Investment Management services. The company has a market cap of 806.53 million GBP. The Firm offers a range of services from managing portfolios on an Advisory or Discretionary basis to dealing, without advice (Execution Only) and with advice (Advisory Dealing). It has 16.92 P/E ratio. The Company’s clients include mainly individuals, but also charities, trusts, institutions and financial intermediaries.

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