Rathbones Group (LON:RAT) Hits New 1-Year Low – What’s Next?

Rathbones Group Plc (LON:RAT) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 1,580 and last traded at GBX 1,586, with a volume of 167073 shares traded. The stock had previously closed at GBX 1,606.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RAT. Royal Bank Of Canada decreased their price target 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. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,836.67.

Rathbones Group Price Performance

The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14. The company’s 50-day moving average price is GBX 1,673.67 and its 200-day moving average price is GBX 1,833.46. The company has a market cap of £1.62 billion, a P/E ratio of 14.12, a P/E/G ratio of -26.52 and a beta of 0.72.

Rathbones Group (LON:RAT) last posted its quarterly earnings data 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, sell-side analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Rathbones Group declared that its board has initiated a share buyback program on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.