Rathbones Group (LON:RAT) Stock: Insider Iain Hooley Purchases 10 Shares

Key Points

• Insider buying: Iain Hooley purchased 10 Rathbones Group shares at GBX 1,536 each, worth £153.60, following a purchase of nine shares in September.
• Stock performance: Rathbones shares were flat at GBX 1,518, near their 52-week low of GBX 1,512 and below both their 50-day and 200-day moving averages.
• Analyst view: Analysts have a consensus “Hold” rating, with an average price target of GBX 1,836.67; ratings include two Buys and one Sell.

Rathbones Group Plc (LON:RAT - Get Free Report) insider Iain Hooley acquired 10 shares of the business's stock in a transaction dated Monday, October 5th. The shares were acquired at an average cost of GBX 1,536 per share, with a total value of £153.60.

Iain Hooley also recently made the following trade(s):

• On Friday, September 4th, Iain Hooley bought 9 shares of Rathbones Group stock. The shares were bought at an average price of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Price Performance

Shares of LON RAT remained flat at GBX 1,518 during mid-day trading on Tuesday. 38,636 shares of the stock were exchanged, compared to its average volume of 539,467. Rathbones Group Plc has a 52 week low of GBX 1,512 and a 52 week high of GBX 2,500. The stock has a 50 day moving average of GBX 1,649.72 and a 200 day moving average of GBX 1,800.21. The stock has a market cap of £1.55 billion, a PE ratio of 13.52, a PEG ratio of -26.52 and a beta of 0.72. The company has a quick ratio of 0.14, a current ratio of 111.06 and a debt-to-equity ratio of 10.07.

Rathbones Group (LON:RAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. On average, sell-side analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Rathbones Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RAT. Jefferies Financial Group reissued an "underperform" rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research note on Thursday, July 30th. Royal Bank Of Canada cut their price target on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an "outperform" rating on the stock in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rathbones Group has an average rating of "Hold" and an average 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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