Rathbones Group (LON:RAT) Announces 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 earnings results on Wednesday. The company reported GBX 75.60 ($1.00) earnings per share (EPS) 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 Performance

RAT stock traded up GBX 4 ($0.05) during trading on Friday, hitting GBX 1,920 ($25.48). 125,831 shares of the company's stock traded hands, compared to its average volume of 110,411. 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 ($18.24) and a 52 week high of GBX 2,000 ($26.55). The stock has a fifty day moving average price of GBX 1,760.38 and a two-hundred day moving average price of GBX 1,669.35. The stock has a market capitalization of £2.00 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RAT shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 2,000 ($26.55) price target on shares of Rathbones Group in a research report on Thursday. Shore Capital reaffirmed a "buy" rating and set a GBX 2,200 ($29.20) price target on shares of Rathbones Group in a research report on Wednesday, July 23rd. Finally, Canaccord Genuity Group lifted their price target on shares of Rathbones Group from GBX 2,084 ($27.66) to GBX 2,087 ($27.70) and gave the company a "buy" rating in a research report on Thursday, May 1st.

Insider Activity

In other news, insider Dharmash Mistry purchased 2,500 shares of Rathbones Group stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of GBX 1,605 ($21.30) per share, with a total value of £40,125 ($53,258.56). Also, insider Clive Bannister acquired 12,500 shares of Rathbones Group stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of GBX 1,929 ($25.60) per share, with a total value of £241,125 ($320,049.11). Over the last quarter, insiders bought 15,119 shares of company stock valued at $28,319,892. 41.78% of the stock is currently owned by company insiders.

Rathbones Group Company Profile