Rathbones Group (LON:RAT) Reaches New 1-Year Low – Should You Sell?

Rathbones Group Plc (LON:RAT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,580 and last traded at GBX 1,588, with a volume of 86534 shares traded. The stock had previously closed at GBX 1,604.

Analyst Upgrades and Downgrades

RAT has been the subject of several recent analyst reports. Royal Bank Of Canada decreased 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 research report on Thursday, June 18th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,780 target price on shares of Rathbones Group in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,982.50.

Rathbones Group Trading Down 1.2%

The firm’s 50-day moving average price is GBX 1,911.05 and its 200 day moving average price is GBX 2,011.20. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of -26.52 and a beta of 0.71. The company has a current ratio of 190.82, a quick ratio of 0.14 and a debt-to-equity ratio of 14.65.

Rathbones Group announced that its board has approved a share repurchase program on Wednesday, June 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Rathbones Group

In related news, insider Terri Duhon acquired 500 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of GBX 1,614 per share, with a total value of £8,070. Also, insider Iain Cummings bought 800 shares of Rathbones Group stock in a transaction dated Friday, June 19th. The stock was purchased at an average price of GBX 1,622 per share, with a total value of £12,976. In the last ninety days, insiders bought 33,218 shares of company stock valued at $54,246,282. 1.41% of the stock is currently owned by company insiders.

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.