Rathbone Brothers plc (RAT) Rating Reiterated by Macquarie
Macquarie reaffirmed their neutral rating on shares of Rathbone Brothers plc (LON:RAT) in a research report released on Tuesday morning. The firm currently has a GBX 2,581 ($33.33) price objective on the stock.
Several other analysts also recently weighed in on RAT. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 2,500 ($32.29) target price on shares of Rathbone Brothers plc in a report on Monday, August 21st. Shore Capital reaffirmed a hold rating on shares of Rathbone Brothers plc in a report on Friday, September 1st. N+1 Singer reaffirmed a sell rating on shares of Rathbone Brothers plc in a report on Monday, August 21st. Peel Hunt lowered their target price on shares of Rathbone Brothers plc from GBX 2,630 ($33.97) to GBX 2,530 ($32.67) and set a hold rating on the stock in a report on Monday, August 21st. Finally, Barclays PLC lifted their target price on shares of Rathbone Brothers plc from GBX 2,300 ($29.70) to GBX 2,500 ($32.29) and gave the company an equal weight rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 2,447.30 ($31.61).
Rathbone Brothers plc (RAT) opened at 2508.00 on Tuesday. The firm’s market cap is GBX 1.26 billion. The firm has a 50 day moving average of GBX 2,720.14 and a 200-day moving average of GBX 2,514.80. Rathbone Brothers plc has a 12 month low of GBX 1,724.46 and a 12 month high of GBX 2,842.00.
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The business also recently disclosed a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, September 7th will be issued a dividend of GBX 22 ($0.28) per share. This represents a yield of 0.83%. The ex-dividend date of this dividend is Thursday, September 7th.
In related news, insider Paul Stockton acquired 5,118 shares of the firm’s stock in a transaction that occurred on Monday, September 4th. The shares were purchased at an average price of GBX 2,773 ($35.81) per share, with a total value of £141,922.14 ($183,290.90).
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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