Insider Buying: Rathbones Group (LON:RAT) Insider Buys £149.58 in Stock

Rathbones Group Plc (LON:RAT) insider Iain Hooley purchased 9 shares of the stock in a transaction on Friday, September 4th. The stock was bought at an average price of GBX 1,662 per share, for a total transaction of £149.58.

Rathbones Group Stock Performance

Rathbones Group stock opened at GBX 1,640 on Thursday. The firm has a market capitalization of £1.67 billion, a P/E ratio of 14.60, a P/E/G ratio of -26.52 and a beta of 0.72. The stock has a fifty day moving average price of GBX 1,678.94 and a two-hundred day moving average price of GBX 1,869.34. Rathbones Group Plc has a 52-week low of GBX 1,580 and a 52-week high of GBX 2,500. 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 (LON:RAT) last issued its earnings results on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. As a group, analysts anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current fiscal year.

Rathbones Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented 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. Royal Bank Of Canada dropped their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 1,836.67.

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.