Rathbones Group (LON:RAT) Posts Quarterly Earnings Results

Key Points

• Rathbones Group reported a quarterly earnings per share (EPS) of GBX 75.60 ($1.01) and achieved a return on equity of 4.66% with a net margin of 7.25%.
• The company's stock increased by 3.7%, reaching GBX 1,933.01 ($25.81), with a market capitalization of £2.01 billion.
• Recent analyst evaluations include Canaccord Genuity raising their target price to GBX 2,087 ($27.87) and Shore Capital reiterating a "buy" rating with a target of GBX 2,200 ($29.38).

Rathbones Group (LON:RAT - Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 75.60 ($1.00) earnings per share for the quarter, Digital Look Earnings reports. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%.

Rathbones Group Stock Up 0.2%

RAT stock traded up GBX 4 ($0.05) during midday trading on Friday, reaching GBX 1,920 ($25.36). 125,831 shares of the company's stock traded hands, compared to its average volume of 110,411. The company has a market cap of £2.00 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of -26.52 and a beta of 0.65. The firm's fifty day moving average price is GBX 1,754.46 and its 200-day moving average price is GBX 1,667.40. 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 has a 52 week low of GBX 1,374 ($18.15) and a 52 week high of GBX 2,000 ($26.42).

Analyst Ratings Changes

Several analysts have recently weighed in on RAT shares. Canaccord Genuity Group lifted their price objective on shares of Rathbones Group from GBX 2,084 ($27.53) to GBX 2,087 ($27.57) and gave the company a "buy" rating in a research note on Thursday, May 1st. Shore Capital reiterated a "buy" rating and issued a GBX 2,200 ($29.06) price objective on shares of Rathbones Group in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 2,000 ($26.42) price objective on shares of Rathbones Group in a research note on Thursday.

Insider Buying and Selling at Rathbones Group

In other Rathbones Group news, insider Dharmash Mistry purchased 2,500 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of GBX 1,605 ($21.20) per share, for a total transaction of £40,125 ($53,005.28). Also, insider Iain Cummings purchased 103 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of GBX 1,620 ($21.40) per share, with a total value of £1,668.60 ($2,204.23). In the last 90 days, insiders acquired 15,119 shares of company stock worth $28,319,892. 41.78% of the stock is owned by corporate insiders.

About Rathbones Group