Rathbones Group (LON:RAT) Insider Purchases £151,712 in Stock

Key Points

• Insider buying: Rathbones Group insider Clive Bannister purchased 8,800 shares at GBX 1,724 each, for a total investment of £151,712.
• Share performance: The stock reached GBX 1,725.20, with a market capitalization of approximately £1.76 billion; its 12-month trading range is GBX 1,490 to GBX 2,500.
• Analyst outlook: Broker opinions are mixed, resulting in a consensus “Hold” rating and an average price target of GBX 1,703.33.

Rathbones Group Plc (LON:RAT - Get Free Report) insider Clive Bannister acquired 8,800 shares of the company's stock in a transaction on Tuesday, October 27th. The stock was bought at an average cost of GBX 1,724 per share, with a total value of £151,712.

Rathbones Group Price Performance

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

Rathbones Group (LON:RAT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. Equities analysts expect that Rathbones Group Plc will post 174.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RAT. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 1,360 price target on shares of Rathbones Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rathbones Group from GBX 1,700 to GBX 1,800 and gave the stock a "hold" rating in a research report on Friday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.

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