Rathbones Group (LON:RAT) Shares Pass Above 200 Day Moving Average – What’s Next?

Rathbones Group Plc (LON:RAT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,826.64 and traded as high as GBX 1,932. Rathbones Group shares last traded at GBX 1,918, with a volume of 20,917 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RAT shares. Shore Capital reiterated a “buy” rating and issued a GBX 2,200 price target on shares of Rathbones Group in a research report on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,050 target price on shares of Rathbones Group in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,084.25.

Rathbones Group Stock Performance

The firm has a market capitalization of £1.99 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. 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 business’s fifty day simple moving average is GBX 1,829.41 and its 200-day simple moving average is GBX 1,827.62.

Insiders Place Their Bets

In related news, insider Iain Cummings bought 47 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average cost of GBX 1,810 per share, with a total value of £850.70. Insiders have acquired 80 shares of company stock worth $145,180 over the last three months. Company 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.