Rathbones Group (LON:RAT) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Rathbones Group Plc (LON:RAT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,800.02 and traded as high as GBX 1,904. Rathbones Group shares last traded at GBX 1,824, with a volume of 90,639 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,050 price target on shares of Rathbones Group in a research note on Thursday, October 16th. Shore Capital restated a “buy” rating and issued a GBX 2,200 target price on shares of Rathbones Group in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Stock Up 3.1%

The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The business’s fifty day moving average price is GBX 1,821.29 and its two-hundred day moving average price is GBX 1,800.02. The firm has a market cap of £1.97 billion, a P/E ratio of 31.81, a P/E/G ratio of -26.52 and a beta of 0.65.

Insiders Place Their Bets

In related news, insider Iain Cummings purchased 47 shares of Rathbones Group stock in a transaction on Thursday, October 2nd. The stock was bought at an average price of GBX 1,810 per share, with a total value of £850.70. Insiders bought 96 shares of company stock worth $174,140 in the last 90 days. 1.54% of the stock is owned by company insiders.

Rathbones Group Company Profile

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.