Rathbones Group (LON:RAT) Insider Jonathan Sorrell Buys 9 Shares

Key Points

• Insider buying: Jonathan Sorrell acquired 9 Rathbones Group shares at GBX 1,662 each, worth £149.58. He also bought 15,320 shares in June for approximately £249,716.
• Share performance: Rathbones shares recently traded at GBX 1,652, near their 52-week low of GBX 1,580 and below both their 50-day and 200-day moving averages.
• Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of GBX 1,836.67, with ratings ranging from “Outperform” to “Underperform.”

Rathbones Group Plc (LON:RAT - Get Free Report) insider Jonathan Sorrell  acquired 9 shares of the stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of GBX 1,662 per share, for a total transaction of £149.58.

Jonathan Sorrell  also recently made the following trade(s):

• On Monday, July 6th, Jonathan Sorrell  bought 9 shares of Rathbones Group stock. The shares were acquired at an average cost of GBX 1,664 per share, with a total value of £149.76.
• On Tuesday, June 16th, Jonathan Sorrell  bought 15,320 shares of Rathbones Group stock. The shares were acquired at an average price of GBX 1,630 per share, with a total value of £249,716.

Rathbones Group Price Performance

Shares of LON RAT traded down GBX 4 during trading on Monday, hitting GBX 1,652. The company had a trading volume of 33,239 shares, compared to its average volume of 583,738. Rathbones Group Plc has a 52 week low of GBX 1,580 and a 52 week high of GBX 2,500. The business's 50-day moving average is GBX 1,675.82 and its 200 day moving average is GBX 1,880.80. The company has a market cap of £1.68 billion, a P/E ratio of 14.71, a PEG 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 - Get Free Report) last issued 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%. Equities research analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Rathbones Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RAT. Royal Bank Of Canada cut their target price on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an "outperform" rating on the stock in a research note on Thursday, June 18th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 1,836.67.

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.

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