Key Points
- Insider purchase: Jonathan Sorrell bought 10 Rathbones Group shares at GBX 1,536 each, worth £153.60, following a purchase of nine shares in September.
- Share performance: Rathbones opened at GBX 1,512, near its 52-week low of GBX 1,512 and well below its 52-week high of GBX 2,500. The company has a market capitalization of approximately £1.54 billion.
- Analyst view: Analyst coverage remains mixed, with two Buy ratings and one Sell rating, resulting in a consensus Hold rating and an average price target of GBX 1,836.67.
Rathbones Group Plc (LON:RAT - Get Free Report) insider Jonathan Sorrell bought 10 shares of the firm's stock in a transaction on Monday, October 5th. The stock was purchased at an average price of GBX 1,536 per share, with a total value of £153.60.
Jonathan Sorrell also recently made the following trade(s):
- On Friday, September 4th, Jonathan Sorrell purchased 9 shares of Rathbones Group stock. The stock was purchased at an average price of GBX 1,662 per share, for a total transaction of £149.58.
Rathbones Group Price Performance
Shares of LON:RAT opened at GBX 1,512 on Wednesday. The firm's 50 day moving average is GBX 1,645.60 and its two-hundred day moving average is GBX 1,796.28. The firm has a market capitalization of £1.54 billion, a P/E ratio of 13.46, a PEG ratio of -26.52 and a beta of 0.72. The company has a current ratio of 111.06, a quick ratio of 0.14 and a debt-to-equity ratio of 10.07. Rathbones Group Plc has a 52 week low of GBX 1,512 and a 52 week high of GBX 2,500.
Rathbones Group (LON:RAT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 earnings per share (EPS) for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. Analysts anticipate that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.
Rathbones Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
RAT has been the subject of several recent analyst reports. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research note on Thursday, July 30th. Royal Bank Of Canada cut their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an "outperform" rating on the stock in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 1,836.67.
Read Our Latest Report on Rathbones Group
About Rathbones Group
(
Get Free Report)
With roots dating back to 1742, Rathbones is one of the UK's leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones' purpose is to help more people invest their money well, so they can live well.
Rathbones has been trusted for generations to manage, preserve and grow clients' wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.
Further Reading
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