Rathbones Group (LON:RAT) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Rathbones Group Plc shares surpassed their 200-day moving average of GBX 1,689.23, reaching a high of GBX 1,942 before trading at GBX 1,881.
• Analysts have mixed ratings for Rathbones Group, with two recommending a Buy rating and one a Hold, giving it an average target price of GBX 2,095.67.
• Recent insider trading shows confidence, with Clive Bannister purchasing 12,500 shares at an average price of GBX 1,929, contributing to a total of 12,532 shares bought by insiders in the last quarter.

Rathbones Group Plc (LON:RAT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,689.23 ($22.78) and traded as high as GBX 1,942 ($26.18). Rathbones Group shares last traded at GBX 1,881 ($25.36), with a volume of 50,089 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RAT. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 2,000 price objective on shares of Rathbones Group in a report on Thursday, July 31st. Shore Capital reissued a "buy" rating and set a GBX 2,200 target price on shares of Rathbones Group in a research report on Wednesday, July 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of Rathbones Group from GBX 2,084 to GBX 2,087 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,095.67.

Rathbones Group Stock Down 1.7%

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 stock's 50-day simple moving average is GBX 1,847.70 and its 200-day simple moving average is GBX 1,694.45. The firm has a market capitalization of £1.96 billion, a P/E ratio of 30.73, a P/E/G ratio of -26.52 and a beta of 0.65.

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 (EPS) for the quarter. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%. As a group, research analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Insider Transactions at Rathbones Group

In other news, insider Clive Bannister acquired 12,500 shares of Rathbones Group stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of GBX 1,929 per share, with a total value of £241,125. Over the last ninety days, insiders have bought 12,532 shares of company stock valued at $24,171,252. Corporate insiders own 41.78% of the company's stock.

Rathbones Group Company Profile