Rathbones Group (LON:RAT) Reaches New 52-Week Low - Here's What Happened

Key Points

• Rathbones Group shares fell to a new 52-week low of GBX 1,512, down from the prior close of GBX 1,518, with 77,545 shares traded.
• Analyst sentiment is mixed: Royal Bank of Canada lowered its price target to GBX 1,950 but maintained an “outperform” rating, while Jefferies reiterated “underperform” with a GBX 1,360 target. The overall consensus rating is “Hold”, with a GBX 1,836.67 price target.
• The company reported quarterly earnings of GBX 88.50 per share, alongside an 8.95% return on equity and an 11.20% net margin; analysts expect full-year EPS of approximately GBX 174.93.

Rathbones Group Plc (LON:RAT - Get Free Report) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as GBX 1,512 and last traded at GBX 1,512, with a volume of 77545 shares trading hands. The stock had previously closed at GBX 1,518.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RAT. Royal Bank Of Canada cut their price target 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. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Rathbones Group currently has a consensus rating of "Hold" and a consensus price target of GBX 1,836.67.

Rathbones Group Price Performance

The firm has a market cap of £1.54 billion, a P/E ratio of 13.46, a PEG 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 firm has a 50-day simple moving average of GBX 1,649.72 and a 200-day simple moving average of GBX 1,800.21.

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

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

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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