Rathbones Group (LON:RAT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Rathbones Group Plc (LON:RAT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,632.92 ($22.23) and traded as high as GBX 1,698 ($23.12). Rathbones Group shares last traded at GBX 1,686 ($22.95), with a volume of 81,179 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on RAT shares. Canaccord Genuity Group lifted their price target on Rathbones Group from GBX 2,084 ($28.37) to GBX 2,087 ($28.41) and gave the stock a “buy” rating in a research report on Thursday, May 1st. Shore Capital restated a “buy” rating on shares of Rathbones Group in a research report on Thursday, May 8th.

Rathbones Group Stock Down 0.8%

The firm has a market capitalization of £1.74 billion, a PE ratio of 27.21, a PEG ratio of -26.52 and a beta of 0.65. The business’s fifty day moving average price is GBX 1,583.13 and its 200 day moving average price is GBX 1,632.92. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87.

Insider Buying and Selling at Rathbones Group

In related news, insider Dharmash Mistry bought 2,500 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of GBX 1,605 ($21.85) per share, with a total value of £40,125 ($54,629.00). Also, insider Iain Cummings purchased 103 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of GBX 1,620 ($22.06) per share, with a total value of £1,668.60 ($2,271.75). 41.78% of the stock is owned by company insiders.

About Rathbones Group