Rathbones Group (LON:RAT) Reaches New 52-Week Low – Here’s What Happened

by · The Markets Daily

Shares of Rathbones Group Plc (LON:RAT – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as GBX 1,512 and last traded at GBX 1,512, with a volume of 77545 shares. The stock had previously closed at GBX 1,518.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RAT shares. Royal Bank Of Canada lowered their target price on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rathbones Group has a consensus rating of “Hold” and an average target price of GBX 1,836.67.

Read Our Latest Stock Report on RAT

Rathbones Group Stock Performance

The stock’s 50-day moving average price is GBX 1,642.96 and its 200 day moving average price is GBX 1,792.77. The firm has a market cap of £1.55 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14.

Rathbones Group (LON:RAT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share (EPS) for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. As a group, equities analysts predict that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Rathbones Group announced that its board has initiated a share repurchase plan on Wednesday, June 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

About Rathbones Group

(Get Free Report)

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.

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