Rathbones Group (LON:RAT) Stock: Insider Jonathan Sorrell Acquires 10 Shares

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  purchased 10 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average price of GBX 1,536 per share, for a total transaction of £153.60.

Jonathan Sorrell  also recently made the following trade(s):

• On Friday, September 4th, Jonathan Sorrell  purchased 9 shares of Rathbones Group stock. The stock was bought at an average price of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Price Performance

RAT remained flat at GBX 1,518 during trading on Tuesday. 38,636 shares of the company traded hands, compared to its average volume of 539,467. Rathbones Group Plc has a 1 year low of GBX 1,512 and a 1 year high of GBX 2,500. The company has a current ratio of 111.06, a quick ratio of 0.14 and a debt-to-equity ratio of 10.07. The company has a market cap of £1.55 billion, a P/E ratio of 13.52, a PEG ratio of -26.52 and a beta of 0.72. The stock has a fifty day moving average of GBX 1,649.72 and a 200-day moving average of GBX 1,800.21.

Rathbones Group (LON:RAT) last released its earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. Research analysts forecast that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Rathbones Group declared that its board has approved a share repurchase program on Wednesday, June 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RAT shares. Royal Bank Of Canada dropped their price target on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rathbones Group presently has a consensus rating of “Hold” and a consensus price target of GBX 1,836.67.

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.