Rathbones Group (LON:RAT) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Rathbones Group Plc (LON:RAT)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,001.39 and traded as low as GBX 1,646. Rathbones Group shares last traded at GBX 1,649.12, with a volume of 3,054,347 shares.

Analyst Ratings Changes

RAT has been the subject of several research reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada dropped their target price on shares of 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, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 1,982.50.

Rathbones Group Trading Down 3.9%

The firm has a market capitalization of £1.68 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. The firm has a 50 day moving average price of GBX 1,834.77 and a two-hundred day moving average price of GBX 1,997.63.

Rathbones Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Iain Cummings purchased 800 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The stock was acquired at an average price of GBX 1,622 per share, for a total transaction of £12,976. Also, insider Terri Duhon purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of GBX 1,614 per share, with a total value of £8,070. In the last three months, insiders acquired 33,236 shares of company stock valued at $54,276,234. 1.65% of the stock is currently owned by company insiders.

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.