Rathbones Group (LON:RAT) Stock Price Passes Above 200-Day Moving Average of $1,611.50

Rathbones Group Plc (LON:RAT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,611.50 ($20.40) and traded as high as GBX 1,644 ($20.81). Rathbones Group shares last traded at GBX 1,624 ($20.55), with a volume of 75,492 shares changing hands.

Analysts Set New Price Targets

RAT has been the topic of several research analyst reports. Shore Capital restated a “buy” rating on shares of Rathbones Group in a research note on Wednesday, March 6th. Barclays reduced their price objective on Rathbones Group from GBX 1,650 ($20.88) to GBX 1,520 ($19.24) and set an “underweight” rating on the stock in a research note on Tuesday, March 12th.

Rathbones Group Price Performance

The company has a 50 day moving average of GBX 1,554.84 and a 200-day moving average of GBX 1,611.50. The stock has a market capitalization of £1.47 billion, a P/E ratio of 2,224.66, a PEG ratio of -26.52 and a beta of 0.70. The company has a quick ratio of 0.14, a current ratio of 1.17 and a debt-to-equity ratio of 9.42.

Rathbones Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, April 18th will be paid a GBX 24 ($0.30) dividend. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 18th. Rathbones Group’s payout ratio is 11,917.81%.

Rathbones Group Company Profile

Rathbones Group Plc, together with its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom, Jersey, and internationally. The company operates in two segments, Investment Management and Funds.