Rathbones Group (LON:RAT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Rathbones Group Plc (LON:RAT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,725.14 ($22.94) and traded as high as GBX 1,870 ($24.87). Rathbones Group shares last traded at GBX 1,860 ($24.74), with a volume of 178,592 shares traded.

Analyst Ratings Changes

RAT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 2,000 price target on shares of Rathbones Group in a research report on Thursday, July 31st. Shore Capital restated a “buy” rating and set a GBX 2,200 price target on shares of Rathbones Group in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Rathbones Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,095.67.

Rathbones Group Stock Performance

The stock has a market capitalization of £1.95 billion, a PE ratio of 3,147.44, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The stock has a fifty day moving average of GBX 1,847.68 and a 200-day moving average of GBX 1,725.14. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87.

Rathbones Group (LON:RAT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX 75.60 earnings per share for the quarter. Rathbones Group had a return on equity of 4.66% and a net margin of 7.25%. Equities analysts anticipate that Rathbones Group Plc will post 174.9287749 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rathbones Group news, insider Iain Cummings purchased 47 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were bought at an average cost of GBX 1,810 per share, for a total transaction of £850.70. Also, insider Clive Bannister purchased 12,500 shares of the business’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of GBX 1,929 per share, for a total transaction of £241,125. Over the last 90 days, insiders acquired 12,596 shares of company stock worth $24,288,496. 1.53% of the stock is owned by 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.