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

Key Points

• Rathbones Group's stock price recently surpassed its 200-day moving average, reaching GBX 1,848 ($24.99), while the current trading price is GBX 1,798 ($24.32).
• 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 purchased 12,500 shares at an average cost of GBX 1,929, indicating confidence in the company's future performance.

Rathbones Group Plc (LON:RAT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,709.05 ($23.11) and traded as high as GBX 1,848 ($24.99). Rathbones Group shares last traded at GBX 1,798 ($24.32), with a volume of 49,440 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RAT. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 2,000 target price on shares of Rathbones Group in a report on Thursday, July 31st. Shore Capital reissued a "buy" rating and issued 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,095.67.

Rathbones Group Stock Performance

The stock's 50-day moving average price is GBX 1,865.02 and its 200-day moving average price is GBX 1,709.05. The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The company has a market capitalization of £1.90 billion, a price-to-earnings ratio of 3,049.07, a P/E/G ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT - Get Free Report) last posted its quarterly earnings results 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, equities research analysts expect that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Insider Activity

In other Rathbones Group news, insider Clive Bannister acquired 12,500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of GBX 1,929 per share, with a total value of £241,125. In the last three months, insiders have purchased 12,548 shares of company stock worth $24,200,212. 1.41% of the stock is currently owned by company insiders.

About Rathbones Group

With roots dating back to 1742, Rathbones is one of the UK's leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones' purpose is to help more people invest their money well, so they can live well. Rathbones has been trusted for generations to manage, preserve and grow clients' wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.

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