Rathbones Group (LON:RAT) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Rathbones Group Plc's share price has recently crossed above its 200-day moving average, trading at GBX 1,852 ($25.02) while the average is GBX 1,696.35 ($22.92).
• Equities analysts have issued a moderate buy rating for the stock, with price targets ranging from GBX 2,000 to GBX 2,200, indicating potential growth.
• Insider Clive Bannister purchased 12,500 shares at GBX 1,929 per share, highlighting insider confidence in the company.

Rathbones Group Plc (LON:RAT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,696.35 ($22.72) and traded as high as GBX 1,878 ($25.15). Rathbones Group shares last traded at GBX 1,852 ($24.81), with a volume of 64,636 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on RAT shares. Shore Capital reissued a "buy" rating and issued a GBX 2,200 target price on shares of Rathbones Group in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 2,000 price target on shares of Rathbones Group in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,095.67.

Rathbones Group Stock Down 0.2%

The company has a market cap of £1.99 billion, a PE ratio of 3,059.22, a PEG ratio of -26.52 and a beta of 0.65. 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 firm has a fifty day simple moving average of GBX 1,859.43 and a 200 day simple moving average of GBX 1,697.84.

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

Insider Buying and Selling

In related news, insider Clive Bannister bought 12,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was bought at an average price of GBX 1,929 per share, for a total transaction of £241,125. Over the last three months, insiders have purchased 12,532 shares of company stock valued at $24,171,252. Company insiders own 1.46% of the company's stock.

About Rathbones Group