Rathbones Group (LON:RAT) Shares Pass Above 200 Day Moving Average – Should You Sell?

Rathbones Group Plc (LON:RAT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,782.64 and traded as high as GBX 1,822. Rathbones Group shares last traded at GBX 1,804.86, with a volume of 183,549 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on RAT shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,050 price target on shares of Rathbones Group in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,000 target price on shares of Rathbones Group in a research report on Thursday, July 31st. Finally, Shore Capital restated a “buy” rating and set a GBX 2,200 price target on shares of Rathbones Group in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,084.25.

Rathbones Group Stock Down 1.6%

The firm has a market capitalization of £1.85 billion, a P/E ratio of 29.88, 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. The stock has a 50 day moving average of GBX 1,823.62 and a 200-day moving average of GBX 1,782.64.

Insider Activity

In other Rathbones Group news, insider Iain Cummings purchased 47 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were bought at an average cost of GBX 1,810 per share, for a total transaction of £850.70. Insiders have purchased a total of 96 shares of company stock valued at $174,140 over the last 90 days. Insiders own 1.54% of the company’s stock.

Rathbones Group Company Profile

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.