Insider Buying: Rathbones Group (LON:RAT) Insider Buys £153.60 in Stock

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  bought 10 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of GBX 1,536 per share, for a total transaction of £153.60.

Jonathan Sorrell  also recently made the following trade(s):

• On Friday, September 4th, Jonathan Sorrell  bought 9 shares of Rathbones Group stock. The stock was acquired at an average cost of GBX 1,662 per share, for a total transaction of £149.58.

Rathbones Group Stock Down 0.9%

Shares of Rathbones Group stock opened at GBX 1,518 on Friday. The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14. The company has a 50-day moving average of GBX 1,640.20 and a 200 day moving average of GBX 1,789.25. The firm has a market cap of £1.55 billion, a price-to-earnings ratio of 13.52, a PEG ratio of -26.52 and a beta of 0.72. Rathbones Group Plc has a 1 year low of GBX 1,490 and a 1 year high of GBX 2,500.

Rathbones Group (LON:RAT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. As a group, sell-side analysts anticipate that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Rathbones Group declared that its board has initiated a stock buyback plan on Wednesday, June 17th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,360 target price on shares of Rathbones Group in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 1,836.67.

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.