Rathbones Group (LON:RAT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Rathbones Group Plc (LON:RAT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,894.98 and traded as high as GBX 2,240. Rathbones Group shares last traded at GBX 2,235, with a volume of 29,064 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on RAT. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,050 price target on shares of Rathbones Group in a research report on Thursday, October 16th. Shore Capital restated a “buy” rating and set a GBX 2,200 target price on shares of Rathbones Group in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rathbones Group presently has an average rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Stock Up 1.6%

The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The firm has a fifty day simple moving average of GBX 1,993.73 and a 200-day simple moving average of GBX 1,894.98. The firm has a market cap of £2.30 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of -26.52 and a beta of 0.65.

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.