Rathbones Group (LON:RAT) Stock Crosses Above 200-Day Moving Average of $1,612.48

Rathbones Group Plc (LON:RAT)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,612.48 ($20.26) and traded as high as GBX 1,770 ($22.24). Rathbones Group shares last traded at GBX 1,766 ($22.19), with a volume of 105,823 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RAT. Shore Capital reiterated a “buy” rating on shares of Rathbones Group in a research report on Wednesday, March 6th. Barclays dropped their price objective on Rathbones Group from GBX 1,650 ($20.73) to GBX 1,520 ($19.10) and set an “underweight” rating for the company in a research note on Tuesday, March 12th.

Rathbones Group Stock Up 0.3 %

The company has a market capitalization of £1.61 billion, a P/E ratio of 3,462.75, a PEG ratio of -26.52 and a beta of 0.68. The company has a debt-to-equity ratio of 9.42, a current ratio of 1.17 and a quick ratio of 0.14. The company has a 50 day moving average of GBX 1,575.80 and a 200-day moving average of GBX 1,612.48.

Rathbones Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 18th will be given a GBX 24 ($0.30) dividend. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.55%. Rathbones Group’s dividend payout ratio is currently 17,058.82%.

About Rathbones Group

Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.