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Rathbones Group (LON:RAT) Stock Crosses Above 200 Day Moving Average - Here's Why

Rathbones Group logo with Financial Services background

Shares of Rathbones Group Plc (LON:RAT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,632.92 ($22.16) and traded as high as GBX 1,698 ($23.04). Rathbones Group shares last traded at GBX 1,686 ($22.88), with a volume of 81,179 shares traded.

Wall Street Analyst Weigh In

RAT has been the subject of several recent research reports. Canaccord Genuity Group lifted their target price on shares of Rathbones Group from GBX 2,084 ($28.28) to GBX 2,087 ($28.32) and gave the stock a "buy" rating in a research note on Thursday, May 1st. Shore Capital reaffirmed a "buy" rating on shares of Rathbones Group in a research note on Thursday, May 8th.

Check Out Our Latest Research Report on Rathbones Group

Rathbones Group Trading Down 0.6%

The stock's 50 day simple moving average is GBX 1,590.61 and its 200 day simple moving average is GBX 1,632.57. The firm has a market cap of £1.72 billion, a PE ratio of 26.92, 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.

Insider Transactions at Rathbones Group

In related news, insider Iain Cummings purchased 103 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of GBX 1,620 ($21.98) per share, with a total value of £1,668.60 ($2,264.35). Also, insider Dharmash Mistry purchased 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of GBX 1,605 ($21.78) per share, for a total transaction of £40,125 ($54,451.08). Insiders own 41.78% of the company's stock.

Rathbones Group Company Profile

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