Rathbones Group (LON:RAT) Sets New 12-Month High - What's Next?

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 during mid-day trading on Tuesday . The stock traded as high as GBX 1,970 ($26.50) 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 ($25.88).

Analyst Upgrades and Downgrades

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

Rathbones Group Trading Up 0.8%

The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The business has a 50-day simple moving average of GBX 1,788.26 and a two-hundred day simple moving average of GBX 1,677.72. The stock has a market cap of £2.00 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX 75.60 ($1.02) EPS for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. As a group, research analysts forecast that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Insider Activity at Rathbones Group

In related news, insider Clive Bannister acquired 12,500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of GBX 1,929 ($25.94) per share, with a total value of £241,125 ($324,310.69). Also, insider Iain Cummings acquired 103 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of GBX 1,620 ($21.79) per share, with a total value of £1,668.60 ($2,244.25). In the last three months, insiders bought 12,635 shares of company stock valued at $24,338,112. 41.78% of the stock is currently owned by insiders.

Rathbones Group Company Profile