Rathbones Group (LON:RAT) Insider Purchases 9 Shares of Stock

Rathbones Group Plc (LON:RAT) insider Iain Cummings purchased 9 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were bought at an average price of GBX 1,664 per share, with a total value of £149.76.

Iain Cummings also recently made the following trade(s):

• On Friday, June 19th, Iain Cummings acquired 800 shares of Rathbones Group stock. The stock was purchased at an average cost of GBX 1,622 per share, for a total transaction of £12,976.
• On Thursday, June 18th, Iain Cummings acquired 1,282 shares of Rathbones Group stock. The shares were purchased at an average price of GBX 1,621 per share, with a total value of £20,781.22.

Rathbones Group Stock Down 2.8%

RAT stock opened at GBX 1,602 on Wednesday. The stock has a market capitalization of £1.65 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. The company has a fifty day moving average of GBX 1,851.11 and a 200-day moving average of GBX 2,001.39. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. Rathbones Group Plc has a one year low of GBX 1,580 and a one year high of GBX 2,500.

Rathbones Group declared that its board has initiated a stock buyback program on Wednesday, June 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RAT shares. Royal Bank Of Canada dropped their price objective on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,780 price target on shares of Rathbones Group in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,982.50.

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.