Rathbone Brothers plc’s (RAT) Buy Rating Reiterated at Numis Securities Ltd
Rathbone Brothers plc (LON:RAT)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a research note issued to investors on Wednesday. They presently have a GBX 2,350 ($30.67) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 24.87% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Rathbone Brothers plc in a research note on Thursday, August 11th. Canaccord Genuity dropped their target price on shares of Rathbone Brothers plc from GBX 2,325 ($30.35) to GBX 2,235 ($29.17) and set a “buy” rating for the company in a research report on Wednesday, July 27th. Peel Hunt upgraded shares of Rathbone Brothers plc to a “buy” rating and set a GBX 2,240 ($29.24) target price for the company in a research report on Wednesday, July 27th. Finally, Liberum Capital restated a “hold” rating on shares of Rathbone Brothers plc in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Rathbone Brothers plc has an average rating of “Buy” and a consensus price target of GBX 2,230.20 ($29.11).
Shares of Rathbone Brothers plc (LON:RAT) opened at 1886.00 on Wednesday. The stock’s 50 day moving average is GBX 1,843.75 and its 200 day moving average is GBX 1,910.33. The company’s market capitalization is GBX 901.60 million. Rathbone Brothers plc has a 1-year low of GBX 1,577.00 and a 1-year high of GBX 2,373.00.
The business also recently declared a dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 8th will be given a dividend of GBX 21 ($0.27) per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 1.14%.
About Rathbone Brothers plc
Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.
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