Rathbones Group (LON:RAT) Price Target Raised to GBX 1,800

Rathbones Group (LON:RAT) had its price objective increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,700 to GBX 1,800 in a research report issued on Friday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential upside of 6.64% from the stock’s current price.

Separately, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,703.33.

Rathbones Group Trading Up 1.2%

Shares of LON RAT opened at GBX 1,688 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 stock has a market capitalization of £1.72 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. Rathbones Group has a 1-year low of GBX 1,490 and a 1-year high of GBX 2,500. The business has a fifty day moving average price of GBX 1,620.16 and a 200 day moving average price of GBX 1,759.38.

Rathbones Group (LON:RAT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 earnings per share for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. Equities research analysts expect that Rathbones Group will post 174.93 EPS for the current fiscal year.

Insider Transactions at Rathbones Group

In other Rathbones Group news, insider Michelle Scrimgeour purchased 3,055 shares of Rathbones Group stock in a transaction dated Thursday, October 22nd. The shares were acquired at an average cost of GBX 1,624 per share, with a total value of £49,613.20. Insiders have acquired 3,093 shares of company stock valued at $5,021,956 over the last 90 days. 1.67% of the stock is currently owned by insiders.

Key Rathbones Group News

Here are the key news stories impacting Rathbones Group this week:

• Positive Sentiment: Third-quarter operating income increased 3%, and the wealth-management division recorded a second consecutive quarter of net inflows. Higher funds under management and administration could support recurring revenue, while management expects fourth-quarter operating margins to be broadly in line with expectations. Rathbones Q3 Operating Income Up 3%, Sees Q4 Operating Margin In Line
• Positive Sentiment: Rathbones said its improvement plan following a Skilled Person review remains on track, including progress on restricted-client issues. This may reassure investors that operational and compliance weaknesses are being addressed. Rathbones improvement plan on track after Skilled Person review
• Positive Sentiment: Insider Michelle Scrimgeour purchased 3,055 RAT shares at an average price of GBX 1,624, investing approximately £49,613. The purchase may be interpreted as a sign of management confidence in the company’s valuation and recovery prospects. Rathbones Group insider share purchase
• Neutral Sentiment: The return to wealth-management inflows is encouraging, but investors will likely want evidence that the improvement is sustained before assuming a durable recovery in asset growth and earnings. Rathbones funds rise as wealth management returns to inflows
• Negative Sentiment: Asset-management operating income declined, offsetting some of the benefit from stronger wealth-management results and highlighting uneven performance across the group. Rathbones Q3 operating income by division
• Negative Sentiment: Rathbones faces a further FCA investigation or order that could cost about £1 million. Additional regulatory exposure could pressure sentiment and dilute the benefit of the operating recovery. Rathbones faces potential FCA cost

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.