Rathbones Group (LON:RAT) Given New GBX 1,950 Price Target at Royal Bank Of Canada

Rathbones Group (LON:RAT) had its price objective decreased by stock analysts at Royal Bank Of Canada from GBX 2,400 to GBX 1,950 in a report released on Thursday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 21.12% from the stock’s previous close.

Separately, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,780 price target on shares of Rathbones Group in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rathbones Group has an average rating of “Hold” and a consensus price target of GBX 1,982.50.

Rathbones Group Stock Down 1.2%

LON RAT opened at GBX 1,610 on Thursday. The stock has a market cap of £1.67 billion, a PE ratio of 15.38, a P/E/G ratio of -26.52 and a beta of 0.71. Rathbones Group has a fifty-two week low of GBX 1,582 and a fifty-two week high of GBX 2,500. The business has a 50 day moving average price of GBX 1,977.02 and a two-hundred day moving average price of GBX 2,021.94. The company has a quick ratio of 0.14, a current ratio of 190.82 and a debt-to-equity ratio of 14.65.

Rathbones Group declared that its board has approved a stock buyback plan on Wednesday, June 17th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Terri Duhon purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of GBX 1,614 per share, with a total value of £8,070. Also, insider Clive Bannister purchased 15,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of GBX 1,638 per share, for a total transaction of £250,614. In the last three months, insiders acquired 31,136 shares of company stock worth $50,870,560. 1.41% of the stock is currently owned by insiders.

Key Rathbones Group News

Here are the key news stories impacting Rathbones Group this week:

• Negative Sentiment: Rathbones has reportedly suspended or restricted onboarding and investment activity for some high-risk clients while it addresses issues identified in the FCA review, raising concerns about near-term revenue and growth. Rathbones shares slide on outcome of FCA engagement, review
• Negative Sentiment: Several headlines point to a potentially costly remedial program, with estimates suggesting a meaningful financial hit and possible disruption to assets and client flows. Rathbones ‘voluntarily’ halts some inflows as part of FCA review
• Negative Sentiment: Analyst commentary remained cautious, with Jefferies reaffirming an “underperform” rating and a GBX 1,780 target, reinforcing bearish sentiment around the stock. Broker view on Rathbones Group
• Positive Sentiment: Recent insider buying by senior executives, including chair Clive Bannister and CEO Jonathan Sorrell, may help signal internal confidence in the business despite the regulatory overhang. Rathbones chair and CEO increase holdings

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.