Rathbones Group (LON:RAT) Shares Cross Above 200 Day Moving Average – What’s Next?

Rathbones Group Plc (LON:RAT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,633.88 ($21.97) and traded as high as GBX 1,736 ($23.35). Rathbones Group shares last traded at GBX 1,726 ($23.21), with a volume of 401,858 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on RAT shares. Shore Capital reaffirmed a “buy” rating on shares of Rathbones Group in a research report on Thursday, May 8th. Canaccord Genuity Group upped their target price on Rathbones Group from GBX 2,084 ($28.03) to GBX 2,087 ($28.07) and gave the company a “buy” rating in a research report on Thursday, May 1st.

Rathbones Group Price Performance

The stock has a market capitalization of £1.79 billion, a P/E ratio of 28.09, a PEG ratio of -26.52 and a beta of 0.65. The business has a fifty day simple moving average of GBX 1,612.65 and a 200-day simple moving average of GBX 1,633.88. The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16.

Insider Buying and Selling

In related news, insider Dharmash Mistry acquired 2,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of GBX 1,605 ($21.58) per share, with a total value of £40,125 ($53,960.46). Also, insider Iain Cummings acquired 103 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of GBX 1,620 ($21.79) per share, for a total transaction of £1,668.60 ($2,243.95). 41.78% of the stock is owned by insiders.

About Rathbones Group