Rathbones Group (LON:RAT) Sets New 1-Year High – Should You Buy?

Shares of Rathbones Group Plc (LON:RAT) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,250 and last traded at GBX 2,250, with a volume of 80320 shares trading hands. The stock had previously closed at GBX 2,215.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Shore Capital Group restated a “buy” rating and set a GBX 2,200 price objective on shares of Rathbones Group in a report on Wednesday, October 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,050 price target on shares of Rathbones Group in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,084.25.

Rathbones Group Trading Up 0.7%

The firm has a market capitalization of £2.30 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The business’s fifty day moving average is GBX 2,008.75 and its 200 day moving average is GBX 1,898.86. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87.

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.