Rathbones Group (LON:RAT) Releases Quarterly Earnings Results

Rathbones Group (LON:RAT) issued its earnings results on Wednesday. The company reported GBX 75.60 ($1.00) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%.

Rathbones Group Stock Performance

Shares of RAT opened at GBX 1,920.32 ($25.46) on Thursday. The company has a 50-day simple moving average of GBX 1,748.86 and a 200-day simple moving average of GBX 1,665.14. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The company has a market capitalization of £2.00 billion, a PE ratio of 31.25, a P/E/G ratio of -26.52 and a beta of 0.65. Rathbones Group has a 52-week low of GBX 1,374 ($18.22) and a 52-week high of GBX 2,005 ($26.58).

Insider Transactions at Rathbones Group

In other Rathbones Group news, insider Dharmash Mistry bought 2,500 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of GBX 1,605 ($21.28) per share, for a total transaction of £40,125 ($53,202.07). Also, insider Iain Cummings bought 103 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of GBX 1,620 ($21.48) per share, with a total value of £1,668.60 ($2,212.41). Insiders bought a total of 2,619 shares of company stock valued at $4,207,392 in the last quarter. Insiders own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

RAT has been the subject of several research analyst reports. Canaccord Genuity Group upped their target price on shares of Rathbones Group from GBX 2,084 ($27.63) to GBX 2,087 ($27.67) and gave the company a “buy” rating in a report on Thursday, May 1st. Shore Capital reiterated a “buy” rating and set a GBX 2,200 ($29.17) price target on shares of Rathbones Group in a research note on Wednesday, July 23rd.

Rathbones Group Company Profile