Rathbones Group Plc (LON:RAT) Insider Iain Cummings Purchases 103 Shares

Rathbones Group Plc (LON:RAT) insider Iain Cummings purchased 103 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of GBX 1,620 ($21.52) per share, with a total value of £1,668.60 ($2,216.52).

Rathbones Group Stock Performance

Shares of LON RAT opened at GBX 1,634 ($21.71) on Friday. The business has a fifty day simple moving average of GBX 1,563.45 and a 200 day simple moving average of GBX 1,636.47. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The firm has a market capitalization of £1.70 billion, a price-to-earnings ratio of 26.59, a PEG ratio of -26.52 and a beta of 0.65. Rathbones Group Plc has a one year low of GBX 1,374 ($18.25) and a one year high of GBX 2,005 ($26.63).

Rathbones Group (LON:RAT) last issued its earnings results on Wednesday, February 26th. The company reported GBX 161.60 ($2.15) EPS for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. Sell-side analysts expect that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Rathbones Group Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 13th. Investors of record on Thursday, April 10th were paid a GBX 63 ($0.84) dividend. This represents a dividend yield of 3.87%. This is a positive change from Rathbones Group’s previous dividend of $30.00. The ex-dividend date was Thursday, April 10th. Rathbones Group’s dividend payout ratio is presently 143.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group upped their price target on Rathbones Group from GBX 2,084 ($27.68) to GBX 2,087 ($27.72) and gave the stock a “buy” rating in a report on Thursday, May 1st. Shore Capital restated a “buy” rating on shares of Rathbones Group in a research note on Thursday, May 8th.

About Rathbones Group