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

Rathbones Group Plc (LON:RAT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,815.40 and traded as high as GBX 1,894. Rathbones Group shares last traded at GBX 1,876, with a volume of 89,102 shares.

Wall Street Analyst Weigh In

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

Rathbones Group Trading Up 0.1%

The firm’s 50 day moving average is GBX 1,822.66 and its 200 day moving average is GBX 1,815.40. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14. The company has a market cap of £1.95 billion, a PE ratio of 31.77, a PEG ratio of -26.52 and a beta of 0.65.

Insider Buying and Selling at Rathbones Group

In other news, insider Iain Cummings purchased 47 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were purchased at an average price of GBX 1,810 per share, with a total value of £850.70. Insiders have acquired a total of 80 shares of company stock valued at $145,180 over the last quarter. Corporate insiders own 1.55% 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.