Rathbones Group (LON:RAT) Reaches New 1-Year Low – What’s Next?

Rathbones Group Plc (LON:RAT)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,580 and last traded at GBX 1,596, with a volume of 597893 shares trading hands. The stock had previously closed at GBX 1,582.

Wall Street Analyst Weigh In

RAT has been the topic of several research analyst reports. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada reduced their target price on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rathbones Group presently has an average rating of “Hold” and a consensus target price of GBX 1,982.50.

Rathbones Group Trading Up 1.0%

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 company has a 50 day simple moving average of GBX 1,958.75 and a two-hundred day simple moving average of GBX 2,018.65. The company has a market cap of £1.65 billion, a PE ratio of 15.26, a PEG ratio of -26.52 and a beta of 0.71.

Rathbones Group announced that its board has initiated a share repurchase program on Wednesday, June 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Rathbones Group

In related news, insider Jonathan Sorrell  acquired 15,320 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of GBX 1,630 per share, with a total value of £249,716. Also, insider Terri Duhon acquired 500 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of GBX 1,614 per share, for a total transaction of £8,070. In the last three months, insiders have acquired 33,218 shares of company stock valued at $54,246,282. 1.41% of the stock is owned by company insiders.

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.