Rathbones Group (LON:RAT) Reaches New 52-Week Low – Should You Sell?

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 1,588, with a volume of 86534 shares changing hands. The stock had previously closed at GBX 1,604.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,780 target price on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada decreased their target price 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. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rathbones Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,982.50.

Rathbones Group Stock Up 0.1%

The firm has a market capitalization of £1.66 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of -26.52 and a beta of 0.71. 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 business has a fifty day moving average price of GBX 1,892.27 and a two-hundred day moving average price of GBX 2,007.92.

Rathbones Group declared that its board has initiated a share repurchase program 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. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Terri Duhon bought 500 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of GBX 1,614 per share, for a total transaction of £8,070. Also, insider Clive Bannister bought 15,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of GBX 1,638 per share, for a total transaction of £250,614. Insiders purchased a total of 33,218 shares of company stock valued at $54,246,282 over the last quarter. 1.41% of the stock is currently 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.