Rathbones Group (LON:RAT) Insider Acquires 800 Shares

Rathbones Group Plc (LON:RAT) insider Iain Cummings purchased 800 shares of the company’s stock in a transaction on Friday, June 19th. The stock was bought at an average cost of GBX 1,622 per share, for a total transaction of £12,976.

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

• On Thursday, June 18th, Iain Cummings purchased 1,282 shares of Rathbones Group stock. The stock was bought at an average price of GBX 1,621 per share, with a total value of £20,781.22.

Rathbones Group Stock Performance

Rathbones Group stock opened at GBX 1,602 on Friday. The firm’s 50 day simple moving average is GBX 1,969.31 and its 200-day simple moving average is GBX 2,020.35. Rathbones Group Plc has a fifty-two week low of GBX 1,582 and a fifty-two week high of GBX 2,500. The company has a debt-to-equity ratio of 14.65, a current ratio of 190.82 and a quick ratio of 0.14. The company has a market cap of £1.66 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.71.

Rathbones Group announced that its Board of Directors has approved a stock buyback program on Wednesday, June 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

RAT has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price 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. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,780 price target on shares of Rathbones Group in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 1,982.50.

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.