Rathbones Group (LON:RAT) Sets New 1-Year High - Time to Buy?

Key Points

• Rathbones Group's stock reached a new 52-week high of GBX 1,970 ($26.18) on Tuesday, closing at GBX 1,928 ($25.62) with a trading volume of 18,666 shares.
• Analysts have issued various ratings, with Canaccord Genuity raising their price target to GBX 2,087 ($27.74) and Shore Capital setting a target of GBX 2,200 ($29.24), both maintaining a "buy" rating.
• Insider transactions have been notable, with insiders acquiring 15,119 shares last quarter, reflecting strong confidence in the company as they now own 41.78% of the stock.

Rathbones Group Plc (LON:RAT - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 1,970 ($26.49) and last traded at GBX 1,928 ($25.93), with a volume of 18666 shares trading hands. The stock had previously closed at GBX 1,924 ($25.87).

Analyst Ratings Changes

Several research firms have issued reports on RAT. Canaccord Genuity Group upped their price objective on shares of Rathbones Group from GBX 2,084 ($28.03) to GBX 2,087 ($28.07) and gave the company a "buy" rating in a research note on Thursday, May 1st. Shore Capital reissued a "buy" rating and issued a GBX 2,200 ($29.59) target price on shares of Rathbones Group in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 2,000 ($26.90) price target on shares of Rathbones Group in a research note on Thursday, July 31st.

Rathbones Group Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The stock has a market cap of £1.98 billion, a price-to-earnings ratio of 31.02, a PEG ratio of -26.52 and a beta of 0.65. The stock's 50 day moving average is GBX 1,782.78 and its two-hundred day moving average is GBX 1,676.18.

Rathbones Group (LON:RAT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 75.60 ($1.02) earnings per share for the quarter. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%. Analysts anticipate that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Insider Activity at Rathbones Group

In related news, insider Clive Bannister purchased 12,500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of GBX 1,929 ($25.94) per share, for a total transaction of £241,125 ($324,267.08). Also, insider Iain Cummings purchased 103 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of GBX 1,620 ($21.79) per share, with a total value of £1,668.60 ($2,243.95). Insiders acquired a total of 12,635 shares of company stock worth $24,338,112 over the last quarter. Company insiders own 41.78% of the company's stock.

Rathbones Group Company Profile