Rathbones Group (LON:RAT) Insider Buys 8,800 Shares of Company Stock

Rathbones Group Plc (LON:RAT) insider Clive Bannister acquired 8,800 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was bought at an average price of GBX 1,724 per share, for a total transaction of £151,712.

Rathbones Group Trading Up 0.5%

Rathbones Group stock traded up GBX 9.20 during trading hours on Tuesday, reaching GBX 1,725.20. The company had a trading volume of 215,215 shares, compared to its average volume of 523,359. The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14. Rathbones Group Plc has a 12-month low of GBX 1,490 and a 12-month high of GBX 2,500. The company has a 50-day moving average price of GBX 1,621.32 and a 200 day moving average price of GBX 1,870.09. The firm has a market cap of £1.76 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of -26.52 and a beta of 0.72.

Rathbones Group (LON:RAT) last announced 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 net margin of 11.20% and a return on equity of 8.95%. Equities analysts forecast that Rathbones Group Plc will post 174.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Rathbones Group

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.