Rathbones Group (LON:RAT) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

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.

Shares of Rathbones Group Plc (LON:RAT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,696.35 ($22.91) and traded as high as GBX 1,878 ($25.36). Rathbones Group shares last traded at GBX 1,852 ($25.01), with a volume of 64,636 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RAT shares. Deutsche Bank Aktiengesellschaft restated 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 research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,095.67.

Rathbones Group Stock Performance

The stock has a market capitalization of £2.02 billion, a P/E ratio of 3,110.15, a P/E/G ratio of -26.52 and a beta of 0.65. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The business has a fifty day moving average price of GBX 1,855.30 and a 200-day moving average price of GBX 1,696.40.

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

Insider Activity

In related news, insider Clive Bannister acquired 12,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of GBX 1,929 per share, for a total transaction of £241,125. In the last ninety days, insiders purchased 12,532 shares of company stock worth $24,171,252. Insiders own 1.46% of the company's stock.

Rathbones Group Company Profile