Rathbones Group (LON:RAT) Insider Buys £149.76 in Stock

Rathbones Group Plc (LON:RAT) insider Iain Cummings bought 9 shares of the company’s stock in a transaction on Monday, July 6th. The shares were acquired at an average price of GBX 1,664 per share, with a total value of £149.76.

Iain Cummings also recently made the following trade(s):

• On Friday, June 19th, Iain Cummings purchased 800 shares of Rathbones Group stock. The stock was acquired at an average cost of GBX 1,622 per share, for a total transaction of £12,976.
• On Thursday, June 18th, Iain Cummings purchased 1,282 shares of Rathbones Group stock. The stock was acquired at an average price of GBX 1,621 per share, for a total transaction of £20,781.22.

Rathbones Group Trading Down 2.8%

Shares of RAT opened at GBX 1,602 on Wednesday. The company has a debt-to-equity ratio of 14.65, a current ratio of 190.82 and a quick ratio of 0.14. The firm has a 50 day simple moving average of GBX 1,851.11 and a 200-day simple moving average of GBX 2,001.39. Rathbones Group Plc has a 1-year low of GBX 1,580 and a 1-year high of GBX 2,500. The stock has a market cap of £1.65 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72.

Rathbones Group announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,780 target price on shares of Rathbones Group in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rathbones Group has an average rating of “Hold” and a consensus target price of GBX 1,982.50.

About Rathbones Group

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.