Rathbones Group Plc (LON:RAT – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,898.28 ($22.45) and traded as high as GBX 2,080 ($24.60). Rathbones Group shares last traded at GBX 2,045 ($24.18), with a volume of 43,019 shares traded.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Barclays reiterated an “equal weight” rating and issued a GBX 1,700 ($20.10) price objective on shares of Rathbones Group in a report on Thursday, October 20th. Shore Capital reiterated a “buy” rating on shares of Rathbones Group in a report on Monday, October 31st. Finally, Royal Bank of Canada cut shares of Rathbones Group to a “sector perform” rating and increased their price objective for the company from GBX 1,950 ($23.06) to GBX 2,100 ($24.83) in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Rathbones Group currently has an average rating of “Moderate Buy” and an average target price of GBX 2,198.75 ($26.00).
Rathbones Group Stock Down 0.5 %
The firm has a market capitalization of £1.30 billion and a P/E ratio of 1,966.35. The firm’s fifty day moving average price is GBX 1,858.15 and its 200-day moving average price is GBX 1,898.28. The company has a debt-to-equity ratio of 17.92, a current ratio of 1.11 and a quick ratio of 0.14.
Rathbones Group Company Profile
Rathbones Group Plc, through its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom and Jersey. The company operates in two segments, Investment Management and Funds. Its services include discretionary investment management, unit trust management, financial planning and advisory, managed portfolio, and banking and loan services, as well as trust, tax, and legal advisory services.
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