Rathbones Group (LON:RAT) Insider Iain Cummings Purchases 800 Shares

Rathbones Group Plc (LON:RAT) insider Iain Cummings purchased 800 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The stock was bought at an average cost of GBX 1,622 per share, for a total transaction of £12,976.

Iain Cummings also recently made the following trade(s):

• On Thursday, June 18th, Iain Cummings bought 1,282 shares of Rathbones Group stock. The stock was acquired at an average cost of GBX 1,621 per share, for a total transaction of £20,781.22.

Rathbones Group Stock Performance

Shares of LON:RAT opened at GBX 1,602 on Friday. The business has a fifty day moving average of GBX 1,969.31 and a 200-day moving average of GBX 2,020.35. The firm has a market cap of £1.66 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.71. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. Rathbones Group Plc has a twelve month low of GBX 1,582 and a twelve month high of GBX 2,500.

Rathbones Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, June 17th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,780 target price on shares of Rathbones Group in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,982.50.

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.