Rathbones Group (LON:RAT) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Rathbones Group Plc (LON:RAT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,001.39 and traded as low as GBX 1,646. Rathbones Group shares last traded at GBX 1,649.12, with a volume of 3,054,347 shares trading hands.

Wall Street Analysts Forecast Growth

RAT has been the subject of several recent research reports. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 target price on shares of Rathbones Group in a report on Wednesday, June 17th. Royal Bank Of Canada lowered their price target on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rathbones Group has an average rating of “Hold” and a consensus price target of GBX 1,982.50.

Rathbones Group Trading Down 1.3%

The company has a quick ratio of 0.14, a current ratio of 190.82 and a debt-to-equity ratio of 14.65. The company’s 50-day moving average is GBX 1,851.11 and its 200 day moving average is GBX 2,001.39. The company has a market cap of £1.67 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72.

Rathbones Group announced that its board has initiated a stock repurchase program on Wednesday, June 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase 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.

Insiders Place Their Bets

In other Rathbones Group news, insider Terri Duhon purchased 500 shares of Rathbones Group stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of GBX 1,614 per share, with a total value of £8,070. Also, insider Iain Cummings purchased 800 shares of the stock in a transaction on Friday, June 19th. The shares were acquired at an average price of GBX 1,622 per share, for a total transaction of £12,976. Insiders have bought 33,218 shares of company stock valued at $54,246,282 over the last quarter. Insiders own 1.65% of the company’s stock.

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.