Rathbones Group (LON:RAT) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Rathbones Group Plc's share price has recently crossed above its 200-day moving average, reaching a high of GBX 1,870 ($24.87) during trading.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of GBX 2,095.67.
• Insider purchases indicate confidence in the company, as insiders acquired over 12,596 shares worth approximately $24.3 million in the last quarter.

Rathbones Group Plc (LON:RAT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,725.14 ($22.94) and traded as high as GBX 1,870 ($24.87). Rathbones Group shares last traded at GBX 1,860 ($24.74), with a volume of 178,592 shares changing hands.

Analysts Set New Price Targets

RAT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 2,000 target price on shares of Rathbones Group in a report on Thursday, July 31st. Shore Capital reaffirmed a "buy" rating and issued a GBX 2,200 price target on shares of Rathbones Group in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rathbones Group has a consensus rating of "Moderate Buy" and an average price target of GBX 2,095.67.

Rathbones Group Stock Performance

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 stock has a market cap of £1.95 billion, a price-to-earnings ratio of 3,147.44, a PEG ratio of -26.52 and a beta of 0.65. The firm has a fifty day moving average of GBX 1,847.68 and a 200 day moving average of GBX 1,725.14.

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

Insider Activity at Rathbones Group

In other Rathbones Group news, insider Iain Cummings acquired 47 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average cost of GBX 1,810 per share, for a total transaction of £850.70. Also, insider Clive Bannister acquired 12,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of GBX 1,929 per share, with a total value of £241,125. Insiders purchased 12,596 shares of company stock valued at $24,288,496 over the last quarter. 1.53% of the stock is currently owned by company insiders.

Rathbones Group Company Profile

With roots dating back to 1742, Rathbones is one of the UK's leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones' purpose is to help more people invest their money well, so they can live well. Rathbones has been trusted for generations to manage, preserve and grow clients' wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.

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