Brokerages Set Rathbone Brothers plc (LON:RAT) Target Price at $2,242.25
Shares of Rathbone Brothers plc (LON:RAT) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,242.25 ($29.27).
A number of equities research analysts have recently issued reports on RAT shares. Numis Securities Ltd reissued a “buy” rating and issued a GBX 2,350 ($30.67) price target on shares of Rathbone Brothers plc in a report on Friday, September 2nd. Shore Capital reaffirmed a “buy” rating on shares of Rathbone Brothers plc in a research note on Thursday, August 11th. Peel Hunt raised shares of Rathbone Brothers plc to a “buy” rating and set a GBX 2,240 ($29.24) target price on the stock in a research note on Wednesday, July 27th. Canaccord Genuity lowered 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 on the stock in a research note on Wednesday, July 27th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rathbone Brothers plc in a research note on Wednesday, July 27th.
Rathbone Brothers plc (LON:RAT) opened at 1889.00 on Monday. The stock has a 50 day moving average of GBX 1,845.25 and a 200-day moving average of GBX 1,907.85. Rathbone Brothers plc has a 12 month low of GBX 1,577.00 and a 12 month high of GBX 2,373.00. The firm’s market cap is GBX 903.04 million.
The firm also recently declared a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 21 ($0.27) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
Rathbone Brothers plc Company Profile
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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