Rathbones Group (LON:RAT) Hits New 12-Month High – Here’s Why

Rathbones Group Plc (LON:RAT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 2,250 and last traded at GBX 2,220, with a volume of 1398456 shares traded. The stock had previously closed at GBX 2,205.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RAT shares. Shore Capital reiterated a “buy” rating and issued a GBX 2,200 price target on shares of Rathbones Group in a report on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,050 price objective on shares of Rathbones Group in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Rathbones Group has an average rating of “Moderate Buy” and a consensus price target of GBX 2,084.25.

Rathbones Group Price Performance

The company has a debt-to-equity ratio of 7.87, a quick ratio of 0.14 and a current ratio of 1.16. The firm has a fifty day simple moving average of GBX 1,939.90 and a 200 day simple moving average of GBX 1,880.40. The company has a market capitalization of £2.30 billion, a PE ratio of 37.56, a P/E/G ratio of -26.52 and a beta of 0.65.

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.