Rathbones Group (LON:RAT) Hits New 52-Week Low - What's Next?

Key Points

• Rathbones Group shares fell to a new 52-week low of GBX 1,580, closing near GBX 1,584 versus the prior close of GBX 1,614.
• Analyst sentiment is mixed: the consensus rating is “Hold”, with an average price target of GBX 1,836.67; Jefferies maintained an “underperform” rating, while RBC kept an “outperform” view despite lowering its target.
• The company reported quarterly EPS of GBX 88.50, while insiders bought 2,618 shares over the past 90 days, suggesting some management confidence despite the stock’s decline.

Rathbones Group Plc (LON:RAT - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,580 and last traded at GBX 1,584, with a volume of 5702 shares traded. The stock had previously closed at GBX 1,614.

Wall Street Analyst Weigh In

RAT has been the topic of several research analyst reports. Jefferies Financial Group restated an "underperform" rating and set a GBX 1,360 target price on shares of Rathbones Group in a report on Thursday, July 30th. Royal Bank Of Canada decreased their price objective 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 1,836.67.

Rathbones Group Price Performance

The stock has a 50-day simple moving average of GBX 1,677.34 and a 200 day simple moving average of GBX 1,857.93. The stock has a market capitalization of £1.61 billion, a P/E ratio of 14.11, a price-to-earnings-growth 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 quarterly 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%. On average, equities 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 authorized a stock buyback program on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Transactions at Rathbones Group

In other Rathbones Group news, insider Terri Duhon bought 500 shares of Rathbones Group stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of GBX 1,614 per share, with a total value of £8,070. Also, insider Iain Cummings purchased 1,282 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of GBX 1,621 per share, with a total value of £20,781.22. Over the last 90 days, insiders have acquired 2,618 shares of company stock worth $4,242,590. Corporate insiders own 1.66% of the company's stock.

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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