Rathbones Group (LON:RAT) Reaches New 52-Week Low – What’s Next?

Rathbones Group Plc (LON:RAT)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as GBX 1,580 and last traded at GBX 1,586, with a volume of 167073 shares. The stock had previously closed at GBX 1,606.

Wall Street Analyst Weigh In

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

Rathbones Group Trading Up 0.5%

The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14. The firm’s fifty day moving average is GBX 1,668.59 and its 200-day moving average is GBX 1,825.70.

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 return on equity of 8.95% and a net margin of 11.20%. Equities analysts anticipate that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Rathbones Group announced that its board 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 reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.