Rathbone Brothers plc (RAT) Receives Average Rating of “Buy” from Brokerages

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Shares of Rathbone Brothers plc (LON:RAT) have earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,769.25 ($36.19).

A number of research firms recently weighed in on RAT. Peel Hunt restated a “buy” rating on shares of Rathbone Brothers in a report on Tuesday, November 27th. Shore Capital restated a “hold” rating on shares of Rathbone Brothers in a report on Tuesday, November 27th. Royal Bank of Canada restated a “sector perform” rating on shares of Rathbone Brothers in a report on Thursday, February 21st. Finally, Numis Securities restated a “hold” rating and issued a GBX 2,500 ($32.67) price target on shares of Rathbone Brothers in a report on Thursday, February 21st.

RAT opened at GBX 2,428 ($31.73) on Friday. The company has a market capitalization of $1.31 billion and a P/E ratio of 28.17. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.13 and a current ratio of 1.10. Rathbone Brothers has a 1-year low of GBX 2,158 ($28.20) and a 1-year high of GBX 2,708 ($35.38).

Rathbone Brothers (LON:RAT) last released its quarterly earnings results on Thursday, February 21st. The company reported GBX 142.50 ($1.86) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 136.30 ($1.78) by GBX 6.20 ($0.08).

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 42 ($0.55) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Rathbone Brothers’s previous dividend of $24.00. Rathbone Brothers’s dividend payout ratio is 0.77%.

Rathbone Brothers Company Profile

Rathbone Brothers Plc, through its subsidiaries, provides personalized investment and wealth management services for private clients, charities, and trustees in the United Kingdom and Jersey. Its services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice, banking, loan, financial planning, unitized portfolio, and managed portfolio services, as well as trust, legal, estate, and tax advice services.

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Analyst Recommendations for Rathbone Brothers (LON:RAT)

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