Rathbones Group (LON:RAT) Insider Iain Hooley Purchases 9 Shares of Stock

Rathbones Group Plc (LON:RAT) insider Iain Hooley acquired 9 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Stock Performance

RAT traded down GBX 4 during midday trading on Monday, reaching GBX 1,652. The company had a trading volume of 33,239 shares, compared to its average volume of 583,738. The business has a 50-day moving average of GBX 1,675.82 and a two-hundred day moving average of GBX 1,880.80. The company has a market cap of £1.68 billion, a P/E ratio of 14.71, a P/E/G ratio of -26.52 and a beta of 0.72. The company has a quick ratio of 0.14, a current ratio of 111.06 and a debt-to-equity ratio of 10.07. Rathbones Group Plc has a 1 year low of GBX 1,580 and a 1 year high of GBX 2,500.

Rathbones Group (LON:RAT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. As a group, equities research analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Rathbones Group declared that its board has authorized a share repurchase program on Wednesday, June 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RAT shares. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,360 target price on shares of Rathbones Group in a research note on Thursday, July 30th. Royal Bank Of Canada cut their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 1,836.67.

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.