Rathbones Group (LON:RAT) Given Buy Rating at Shore Capital

Key Points

• Shore Capital has reiterated a "buy" rating for Rathbones Group (LON:RAT) with a target price of GBX 2,200, indicating a potential upside of 19.05% from the current stock price.
• Deutsche Bank has issued a "hold" rating with a price target of GBX 2,000, while Rathbones Group currently holds an average rating of "Moderate Buy" with a target price of GBX 2,095.67.
• Insider buying activity includes purchases by Iain Cummings and Clive Bannister, with a total of 12,596 shares acquired in the last ninety days, highlighting confidence from company insiders.

Rathbones Group (LON:RAT - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Shore Capital in a report issued on Wednesday,Digital Look reports. They presently have a GBX 2,200 target price on the stock. Shore Capital's price target indicates a potential upside of 19.05% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 2,000 price target on shares of Rathbones Group in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rathbones Group presently has an average rating of "Moderate Buy" and an average target price of GBX 2,095.67.

Rathbones Group Stock Down 2.0%

Shares of RAT stock traded down GBX 38 during trading hours on Wednesday, hitting GBX 1,848. 218,807 shares of the company's stock traded hands, compared to its average volume of 137,616. The stock's fifty day simple moving average is GBX 1,845.64 and its two-hundred day simple moving average is GBX 1,731.62. Rathbones Group has a 12-month low of GBX 1,374 and a 12-month high of GBX 1,970. The stock has a market cap of £1.94 billion, a price-to-earnings ratio of 3,126.90, a PEG ratio of -26.52 and a beta of 0.65. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87.

Rathbones Group (LON:RAT - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%. On average, analysts expect that Rathbones Group will post 174.9287749 EPS for the current year.

Insider Buying and Selling

In related news, insider Iain Cummings bought 47 shares of the business's stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of GBX 1,810 per share, with a total value of £850.70. Also, insider Clive Bannister bought 12,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of GBX 1,929 per share, with a total value of £241,125. In the last ninety days, insiders acquired 12,596 shares of company stock valued at $24,288,496. 1.53% of the stock is currently owned by insiders.

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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