Rathbones Group (LON:RAT) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Rathbones Group stock price has surpassed its 200-day moving average, trading at GBX 1,912 ($25.81), indicating potential bullish momentum.
• Several analysts have set a positive outlook for Rathbones Group, with price targets ranging from GBX 2,000 ($27.00) to GBX 2,200 ($29.70) and many recommending a "buy" rating.
• Insider Clive Bannister purchased 12,500 shares recently, suggesting confidence in the company's future, with insiders owning a total of 41.78% of the stock.

Shares of Rathbones Group Plc (LON:RAT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,680.87 ($22.74) and traded as high as GBX 1,970 ($26.65). Rathbones Group shares last traded at GBX 1,912 ($25.87), with a volume of 41,171 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on RAT. Canaccord Genuity Group upped their price target on Rathbones Group from GBX 2,084 ($28.20) to GBX 2,087 ($28.24) and gave the stock a "buy" rating in a report on Thursday, May 1st. Shore Capital restated a "buy" rating and issued a GBX 2,200 ($29.77) target price on shares of Rathbones Group in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 2,000 ($27.06) target price on shares of Rathbones Group in a research note on Thursday, July 31st.

Rathbones Group Stock Down 0.9%

The business has a 50 day moving average of GBX 1,810.86 and a 200 day moving average of GBX 1,684.10. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14. The firm has a market capitalization of £1.97 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT - Get Free Report) last issued its earnings results 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%. On average, equities analysts anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Insider Transactions at Rathbones Group

In related news, insider Clive Bannister acquired 12,500 shares of the company's stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of GBX 1,929 ($26.10) per share, for a total transaction of £241,125 ($326,241.37). Insiders acquired 12,532 shares of company stock worth $24,171,252 in the last three months. Corporate insiders own 41.78% of the company's stock.

About Rathbones Group