Rathbones Group (LON:RAT) Insider Iain Cummings Acquires 1,282 Shares

Rathbones Group Plc (LON:RAT) insider Iain Cummings acquired 1,282 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of GBX 1,621 per share, with a total value of £20,781.22.

Rathbones Group Stock Down 0.4%

Shares of RAT traded down GBX 6 during mid-day trading on Thursday, reaching GBX 1,624. The company’s stock had a trading volume of 320,099 shares, compared to its average volume of 498,515. The company has a debt-to-equity ratio of 14.65, a current ratio of 190.82 and a quick ratio of 0.14. Rathbones Group Plc has a 12-month low of GBX 1,582 and a 12-month high of GBX 2,500. The stock has a market cap of £1.68 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of -26.52 and a beta of 0.71. The company’s 50 day moving average is GBX 1,977.02 and its 200 day moving average is GBX 2,021.94.

Rathbones Group declared that its board has approved a share buyback plan on Wednesday, June 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting Rathbones Group

Here are the key news stories impacting Rathbones Group this week:

• Positive Sentiment: Insider buying provided some support, with chair/CEO-related purchases and Terri Duhon buying shares, suggesting management may see value at current levels. Insider Buying: Rathbones Group (LON:RAT) Insider Purchases 500 Shares of Stock
• Positive Sentiment: Rathbones also announced a stock repurchase authorization, which can signal that management believes the shares are undervalued. Rathbones Group stock repurchase plan
• Neutral Sentiment: Royal Bank of Canada cut its price target on Rathbones to GBX 1,950 from GBX 2,400, but kept an “outperform” rating, implying some caution without turning outright bearish. Broker tips: Anglo American, Rathbones
• Negative Sentiment: The FCA review has prompted Rathbones to halt some inflows and suspend certain new client onboarding, raising concerns about lost business and slower growth. Rathbones ‘voluntarily’ halts some inflows as part of FCA review
• Negative Sentiment: Reports of a potentially costly remediation program and a possible financial hit have added to selling pressure, while Jefferies reaffirmed an “underperform” rating. Broker view on Rathbones Group

Analysts Set New Price Targets

RAT has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,780 price target on shares of Rathbones Group in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,982.50.

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.