Canaccord Genuity restated their hold rating on shares of Rathbone Brothers (LON:RAT) in a research note issued to investors on Thursday morning. They currently have a GBX 2,705 ($37.37) target price on the stock.
RAT has been the topic of several other reports. Shore Capital restated a hold rating on shares of Rathbone Brothers in a report on Thursday. Numis Securities restated a hold rating and set a GBX 2,500 ($34.54) price target on shares of Rathbone Brothers in a report on Thursday. Peel Hunt upgraded Rathbone Brothers to an add rating and boosted their price target for the stock from GBX 2,630 ($36.34) to GBX 2,800 ($38.68) in a report on Thursday, January 11th. Liberum Capital restated a hold rating and set a GBX 2,422 ($33.46) price target on shares of Rathbone Brothers in a report on Thursday. Finally, Barclays boosted their price target on Rathbone Brothers from GBX 2,560 ($35.37) to GBX 2,770 ($38.27) and gave the stock an equal weight rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Rathbone Brothers has an average rating of Hold and an average target price of GBX 2,549.89 ($35.23).
Rathbone Brothers (LON RAT) opened at GBX 2,699 ($37.29) on Thursday. The company has a market capitalization of $1,360.00 and a PE ratio of 2,933.70. Rathbone Brothers has a 52 week low of GBX 2,197 ($30.35) and a 52 week high of GBX 2,842 ($39.26).
The business also recently announced a dividend, which will be paid on Monday, May 14th. Investors of record on Thursday, April 19th will be issued a GBX 39 ($0.54) dividend. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Rathbone Brothers’s previous dividend of $22.00. This represents a yield of 1.47%.
In related news, insider Andrew Morris sold 2,101 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of GBX 2,733 ($37.76), for a total value of £57,420.33 ($79,331.76).
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Rathbone Brothers Company Profile
Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.
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