Analysts Set Rathbone Brothers plc (RAT) Target Price at $2,796.75
Rathbone Brothers plc (LON:RAT) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 2,796.75 ($36.43).
A number of analysts have recently weighed in on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 2,997 ($39.04) price objective on shares of Rathbone Brothers in a research note on Monday, June 25th. Canaccord Genuity increased their price objective on shares of Rathbone Brothers from GBX 2,705 ($35.24) to GBX 2,830 ($36.86) and gave the stock a “buy” rating in a research note on Thursday, June 21st. Royal Bank of Canada reiterated a “sector performer” rating and issued a GBX 2,700 ($35.17) price objective on shares of Rathbone Brothers in a research note on Tuesday, June 26th. Numis Securities increased their price objective on shares of Rathbone Brothers from GBX 2,500 ($32.56) to GBX 2,600 ($33.87) and gave the stock a “hold” rating in a research note on Friday, June 15th. Finally, Peel Hunt reiterated a “buy” rating on shares of Rathbone Brothers in a research note on Friday, August 31st.
Rathbone Brothers stock traded down GBX 24 ($0.31) during mid-day trading on Friday, reaching GBX 2,508 ($32.67). 10,323 shares of the company traded hands, compared to its average volume of 47,085. Rathbone Brothers has a fifty-two week low of GBX 2,275 ($29.63) and a fifty-two week high of GBX 2,842 ($37.02).
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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