Royal Bank Of Canada Reaffirms “Outperform” Rating for Rathbones Group (LON:RAT)

Rathbones Group (LON:RAT)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 2,050 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 14.24% from the stock’s previous close.

RAT has been the subject of a number of other research reports. Shore Capital reaffirmed a “buy” rating and set a GBX 2,200 price target on shares of Rathbones Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 2,000 price target on shares of Rathbones Group in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,084.25.

Rathbones Group Stock Performance

Shares of RAT opened at GBX 1,794.49 on Thursday. The stock has a 50-day moving average of GBX 1,839.73 and a two-hundred day moving average of GBX 1,735.86. Rathbones Group has a one year low of GBX 1,374 and a one year high of GBX 1,970. The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The stock has a market cap of £1.88 billion, a P/E ratio of 3,036.36, a P/E/G ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 75.60 EPS for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. As a group, research analysts predict that Rathbones Group will post 174.9287749 EPS for the current year.

Insider Activity

In related news, insider Clive Bannister acquired 12,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of GBX 1,929 per share, with a total value of £241,125. Also, insider Iain Cummings acquired 47 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was bought at an average cost of GBX 1,810 per share, with a total value of £850.70. In the last three months, insiders bought 12,596 shares of company stock valued at $24,288,496. Insiders own 1.53% 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.