Rathbones Group (LON:RAT) Reaches New 1-Year Low – What’s Next?

Rathbones Group Plc (LON:RAT) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as GBX 1,512 and last traded at GBX 1,512, with a volume of 77545 shares trading hands. The stock had previously closed at GBX 1,518.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RAT shares. Royal Bank Of Canada lowered 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 research report on Thursday, June 18th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,360 target price on shares of Rathbones Group in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rathbones Group has a consensus rating of “Hold” and a consensus price target of GBX 1,836.67.

Rathbones Group Stock Performance

The company has a fifty day moving average of GBX 1,649.72 and a two-hundred day moving average of GBX 1,800.21. The stock has a market capitalization of £1.54 billion, a P/E ratio of 13.46, 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.

Rathbones Group (LON:RAT) last posted its earnings results on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. On average, equities analysts anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Rathbones Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.