Key Points
- Director Michelle Scrimgeour bought 3,055 Rathbones shares at GBX 1,624 each, investing approximately £49,613—potentially signaling confidence in the company’s valuation and recovery prospects.
- Rathbones shares opened at GBX 1,668, versus a 12-month range of GBX 1,490 to GBX 2,500. Analysts have a consensus “Hold” rating and a GBX 1,655 target price, with Jefferies maintaining an “Underperform” rating and a GBX 1,360 target.
- Recent results showed a 3% rise in third-quarter operating income and renewed wealth-management inflows, though asset-management income declined and a further FCA matter could cost about £1 million.
Rathbones Group Plc (LON:RAT - Get Free Report) insider Michelle Scrimgeour acquired 3,055 shares of Rathbones Group stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average price of GBX 1,624 per share, with a total value of £49,613.20.
Rathbones Group Price Performance
Shares of RAT opened at GBX 1,668 on Friday. Rathbones Group Plc has a twelve month low of GBX 1,490 and a twelve month high of GBX 2,500. The stock's 50 day moving average is GBX 1,620.16 and its two-hundred day moving average is GBX 1,759.38. The firm has a market capitalization of £1.70 billion, a PE ratio of 14.85, a P/E/G 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 (LON:RAT - Get Free Report) last released its earnings results 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%. Research analysts anticipate that Rathbones Group Plc will post 174.93 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated an "underperform" rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 1,655.
Read Our Latest Analysis on Rathbones Group
Rathbones Group News Roundup
Here are the key news stories impacting Rathbones Group this week:
- Positive Sentiment: Third-quarter operating income rose 3%, while the wealth management division returned to net inflows for a second consecutive quarter. Funds under management and administration also increased, supporting the outlook for recurring revenue. Management expects the fourth-quarter operating margin to be broadly in line with expectations. Rathbones Q3 Operating Income Up 3%, Sees Q4 Operating Margin In Line
- Positive Sentiment: Rathbones said its improvement plan following a Skilled Person review is on track. Progress on addressing restricted-client issues may reassure investors that previously identified operational and regulatory weaknesses are being resolved. Rathbones' improvement plan on track after Skilled Person review
- Positive Sentiment: Director Michelle Scrimgeour bought 3,055 shares at an average price of GBX 1,624, investing approximately £49,600. The purchase could be viewed as a signal of management confidence in the company’s valuation and recovery prospects.
- Neutral Sentiment: Wealth management inflows represent an improvement from earlier outflows, but the recovery is still developing and must be sustained to support stronger asset growth and earnings.
- Negative Sentiment: Asset management operating income declined, highlighting uneven performance across Rathbones’ divisions and limiting the benefit from stronger wealth management results. Rathbones Group's Q3 Operating Income, Wealth Management Rise; Asset Management Declines
- Negative Sentiment: The group faces a further FCA investigation or order that could result in a cost of around £1 million. The additional regulatory exposure may weigh on sentiment despite the operational progress. Rathbones faces million-pound hit from second FCA order
Rathbones Group Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
