Rathbones Group (LON:RAT) Hits New 12-Month High – Here’s Why

Rathbones Group Plc (LON:RAT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,250 and last traded at GBX 2,250, with a volume of 80320 shares. The stock had previously closed at GBX 2,215.

Wall Street Analysts Forecast Growth

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

Rathbones Group Price Performance

The company has a fifty day simple moving average of GBX 2,008.75 and a two-hundred day simple moving average of GBX 1,898.86. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The stock has a market capitalization of £2.30 billion, a P/E ratio of 37.73, a PEG ratio of -26.52 and a beta of 0.65.

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.