Rathbones Group (LON:RAT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Rathbones Group (LON:RAT) had its price objective boosted by equities research analysts at Canaccord Genuity Group from GBX 2,084 ($27.65) to GBX 2,087 ($27.69) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 29.15% from the company’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Rathbones Group in a report on Tuesday, January 28th.

Rathbones Group Price Performance

Shares of LON RAT opened at GBX 1,616 ($21.44) on Thursday. The firm has a market cap of £1.68 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The business’s 50 day moving average is GBX 1,565.51 and its 200-day moving average is GBX 1,649.30. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. Rathbones Group has a 1-year low of GBX 1,374 ($18.23) and a 1-year high of GBX 2,005 ($26.60).

Rathbones Group (LON:RAT) last posted its earnings results on Wednesday, February 26th. The company reported GBX 161.60 ($2.14) earnings per share for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. Equities research analysts predict that Rathbones Group will post 174.9287749 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Paul Stockton sold 11,767 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of GBX 1,610 ($21.36), for a total transaction of £189,448.70 ($251,324.89). 41.78% of the stock is owned by company insiders.

About Rathbones Group