Rathbones Group (LON:RAT) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Rathbones Group Plc (LON:RAT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,815.40 and traded as high as GBX 1,894. Rathbones Group shares last traded at GBX 1,876, with a volume of 89,102 shares trading hands.

Wall Street Analyst Weigh In

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

Rathbones Group Stock Up 1.1%

The stock has a fifty day simple moving average of GBX 1,823.38 and a two-hundred day simple moving average of GBX 1,817.19. The firm has a market cap of £1.97 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87.

Insiders Place Their Bets

In other news, insider Iain Cummings bought 47 shares of the stock in a transaction on Thursday, October 2nd. The shares were acquired at an average cost of GBX 1,810 per share, for a total transaction of £850.70. Over the last 90 days, insiders have purchased 80 shares of company stock worth $145,180. Corporate insiders own 1.55% of the company’s stock.

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.