Rathbone Brothers Plc (LON:RAT) Given Average Rating of “Buy” by Brokerages

Rathbone Brothers Plc (LON:RATGet Rating) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 2,304 ($30.02).

Several research analysts have weighed in on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,595 ($33.82) price target on shares of Rathbone Brothers in a research report on Friday, February 11th. Royal Bank of Canada boosted their price target on Rathbone Brothers from GBX 2,250 ($29.32) to GBX 2,420 ($31.54) and gave the stock an “outperform” rating in a research report on Wednesday, April 13th. Barclays reaffirmed an “overweight” rating and set a GBX 2,600 ($33.88) price target on shares of Rathbone Brothers in a research report on Monday, February 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,170 ($28.28) price target on shares of Rathbone Brothers in a research report on Wednesday, March 23rd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Rathbone Brothers in a research report on Tuesday, March 29th.

LON RAT opened at GBX 2,140 ($27.89) on Monday. The stock has a market capitalization of £1.33 billion and a price-to-earnings ratio of 16.55. The stock’s 50 day moving average price is GBX 1,811.47 and its two-hundred day moving average price is GBX 1,895.78. The company has a debt-to-equity ratio of 15.58, a quick ratio of 0.20 and a current ratio of 1.13. Rathbone Brothers has a 52 week low of GBX 1,426.08 ($18.58) and a 52 week high of GBX 2,230 ($29.06).

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 10th. Shareholders of record on Thursday, April 21st will be paid a GBX 54 ($0.70) dividend. This is a boost from Rathbone Brothers’s previous dividend of $27.00. The ex-dividend date is Thursday, April 21st. This represents a yield of 3.16%. Rathbone Brothers’s payout ratio is 0.57%.

About Rathbone Brothers (Get Rating)

Rathbone Brothers Plc, through its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom and Jersey. The company operates in two segments, Investment Management and Funds. Its services include discretionary investment management, unit trust management, financial planning, unitized portfolio, managed portfolio, select portfolio, and banking and loan services, as well as trust, legal, estate, and tax advisory services.

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Analyst Recommendations for Rathbone Brothers (LON:RAT)

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