Rathbones Group (LON:RAT) Stock: Insider Iain Hooley Acquires 10 Shares

Rathbones Group Plc (LON:RAT) insider Iain Hooley purchased 10 shares of Rathbones Group stock in a transaction that occurred on Monday, October 5th. The stock was purchased at an average price of GBX 1,536 per share, with a total value of £153.60.

Iain Hooley also recently made the following trade(s):

• On Friday, September 4th, Iain Hooley acquired 9 shares of Rathbones Group stock. The stock was purchased at an average cost of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Trading Up 1.3%

LON RAT opened at GBX 1,532 on Thursday. Rathbones Group Plc has a twelve month low of GBX 1,500 and a twelve month high of GBX 2,500. The company has a debt-to-equity ratio of 10.07, a quick ratio of 0.14 and a current ratio of 111.06. The stock has a market cap of £1.56 billion, a price-to-earnings ratio of 13.64, a PEG ratio of -26.52 and a beta of 0.72. The firm’s 50 day moving average price is GBX 1,642.96 and its two-hundred day moving average price is GBX 1,792.77.

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

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

Analysts Set New Price Targets

A number of brokerages have commented on RAT. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research report on Thursday, July 30th. Royal Bank Of Canada reduced their price target on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.