Rathbones Group (LON:RAT) Stock: Insider Jonathan Sorrell Buys 10 Shares

Key Points

• Insider buying: Jonathan Sorrell purchased 10 Rathbones Group shares at GBX 1,536 each, worth £153.60, following a 9-share purchase in September.
• Stock performance: Rathbones shares were flat at GBX 1,518, near their 52-week low of GBX 1,512 and below their 50-day and 200-day moving averages.
• Analyst outlook: Analysts have a consensus “Hold” rating with an average price target of GBX 1,836.67; ratings range from “Underperform” to “Outperform.”

Rathbones Group Plc (LON:RAT - Get Free Report) insider Jonathan Sorrell  acquired 10 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average cost of GBX 1,536 per share, for a total transaction of £153.60.

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

• On Friday, September 4th, Jonathan Sorrell  bought 9 shares of Rathbones Group stock. The stock was purchased at an average cost of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Price Performance

LON:RAT remained flat at GBX 1,518 on Tuesday. 38,636 shares of the company's stock were exchanged, compared to its average volume of 539,467. The stock has a market cap of £1.55 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. The company has a current ratio of 111.06, a quick ratio of 0.14 and a debt-to-equity ratio of 10.07. The stock's 50-day simple moving average is GBX 1,649.72 and its two-hundred day simple moving average is GBX 1,800.21. Rathbones Group Plc has a 52 week low of GBX 1,512 and a 52 week high of GBX 2,500.

Rathbones Group (LON:RAT - Get Free Report) last issued its quarterly 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, research analysts forecast that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 1,360 price target on shares of Rathbones Group in a report on Thursday, July 30th. Royal Bank Of Canada dropped their target price on Rathbones Group from GBX 2,400 to GBX 1,950 and set an "outperform" rating for the company in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.

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