Rathbones Group (LON:RAT) Insider Purchases £49,613.20 in Stock

Rathbones Group Plc (LON:RAT) insider Michelle Scrimgeour purchased 3,055 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was acquired at an average price of GBX 1,624 per share, for a total transaction of £49,613.20.

Rathbones Group Price Performance

LON RAT opened at GBX 1,708 on Friday. Rathbones Group Plc has a 1 year low of GBX 1,490 and a 1 year high of GBX 2,500. The business’s fifty day moving average is GBX 1,620.12 and its two-hundred day moving average is GBX 1,759.02. The stock has a market capitalization of £1.74 billion, a P/E ratio of 15.21, a P/E/G ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 10.07, a quick ratio of 0.14 and a current ratio of 111.06.

Rathbones Group (LON:RAT) last issued its quarterly 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%. On average, research analysts forecast that Rathbones Group Plc will post 174.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RAT. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on Rathbones Group from GBX 1,700 to GBX 1,800 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,703.33.

More Rathbones Group News

Here are the key news stories impacting Rathbones Group this week:

• Positive Sentiment: Third-quarter operating income increased 3%, while the wealth-management division returned to net inflows for a second consecutive quarter. Higher funds under management and administration should support recurring revenue, and management expects fourth-quarter operating margins to be broadly in line with expectations. Rathbones Q3 Operating Income Up 3%, Sees Q4 Operating Margin In Line
• Positive Sentiment: Insider Michelle Scrimgeour purchased 3,055 shares for approximately £49,600 at an average of GBX 1,624. The transaction may signal confidence in Rathbones’ valuation and recovery prospects. Rathbones Group Stock: Insider Michelle Scrimgeour Acquires 3,055 Shares
• Positive Sentiment: Deutsche Bank raised its price target from GBX 1,700 to GBX 1,800. The bank maintained a “hold” rating, so the target increase is encouraging but does not represent a strongly bullish recommendation.
• Positive Sentiment: Rathbones appointed Brian Stevenson as a non-executive director following Investec’s nomination. The appointment could strengthen board oversight and strategic alignment. Rathbones Names Brian Stevenson as Non-Executive Director
• Neutral Sentiment: Rathbones is being highlighted among British dividend stocks to watch, which may increase income-investor attention, although the article does not indicate a change to the company’s dividend policy or outlook. Rathbones Group Heads These 3 British Dividend Stocks To Watch
• Negative Sentiment: Asset-management operating income declined, showing that the recovery is uneven across Rathbones’ businesses and could limit earnings momentum. Rathbones Q3 Operating Income, Wealth Management Rise; Asset Management Declines
• Negative Sentiment: The company faces further FCA-related scrutiny and a potential cost of roughly £1 million. The additional regulatory exposure could offset some of the benefit from stronger inflows and operational improvements. Rathbones Faces Million-Pound Hit From Second FCA Order

Rathbones Group Company Profile

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.