Rathbones Group (LON:RAT) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Rathbones Group Plc (LON:RAT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,990.74 and traded as low as GBX 1,642. Rathbones Group shares last traded at GBX 1,698, with a volume of 2,049,480 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on RAT. Royal Bank Of Canada lowered their price target on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,982.50.

Rathbones Group Price Performance

The firm has a market capitalization of £1.75 billion, a P/E ratio of 16.29, a PEG ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. The firm has a 50-day moving average of GBX 1,804.07 and a 200-day moving average of GBX 1,989.16.

Rathbones Group declared that its board has authorized a stock buyback program on Wednesday, June 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Rathbones Group news, insider Jonathan Sorrell  acquired 15,320 shares of Rathbones Group stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of GBX 1,630 per share, for a total transaction of £249,716. Also, insider Clive Bannister bought 15,300 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of GBX 1,638 per share, with a total value of £250,614. In the last ninety days, insiders bought 33,236 shares of company stock valued at $54,276,234. Company insiders own 1.65% of the company’s stock.

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.