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

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) shares passed 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 ($22.83) and traded as high as GBX 1,942 ($26.25). Rathbones Group shares last traded at GBX 1,881 ($25.43), with a volume of 50,089 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Rathbones Group from GBX 2,084 to GBX 2,087 and gave the company a "buy" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 2,000 target price on shares of Rathbones Group in a report on Thursday, July 31st. Finally, Shore Capital reaffirmed a "buy" rating and set a GBX 2,200 target price on shares of Rathbones Group in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,095.67.

Rathbones Group Stock Up 0.7%

The company has a market cap of £2.00 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a fifty day moving average price of GBX 1,837.84 and a 200 day moving average price of GBX 1,691.68. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14.

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 (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 anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Insider Buying and Selling at Rathbones Group

In related news, insider Clive Bannister acquired 12,500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of GBX 1,929 per share, with a total value of £241,125. Insiders purchased a total of 12,532 shares of company stock worth $24,171,252 over the last ninety days. Corporate insiders own 41.78% of the company's stock.

About Rathbones Group