Rathbones Group (LON:RAT) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Rathbones Group's share price recently surpassed its 200-day moving average, indicating positive market momentum, with the stock currently trading at GBX 1,790 ($24.18).
• Analysts have a consensus rating of "Moderate Buy" for Rathbones Group, with target prices ranging from GBX 2,000 to GBX 2,200.
• Insider Clive Bannister recently purchased 12,500 shares of Rathbones Group at an average price of GBX 1,929, highlighting confidence in the company's prospects.

Rathbones Group Plc (LON:RAT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,698.75 ($22.94) and traded as high as GBX 1,824 ($24.64). Rathbones Group shares last traded at GBX 1,790 ($24.18), with a volume of 3,995,435 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Shore Capital restated a "buy" rating and issued a GBX 2,200 price objective on shares of Rathbones Group in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 2,000 price objective on shares of Rathbones Group in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,095.67.

Rathbones Group Stock Up 0.2%

The stock has a market cap of £1.97 billion, a PE ratio of 3,028.76, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The business has a 50-day moving average price of GBX 1,862.91 and a 200-day moving average price of GBX 1,698.75.

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%. As a group, analysts forecast that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Clive Bannister acquired 12,500 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average price of GBX 1,929 per share, for a total transaction of £241,125. In the last 90 days, insiders acquired 12,548 shares of company stock valued at $24,200,212. Company insiders own 1.41% of the company's stock.

About Rathbones Group

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