Numis Securities Ltd Reaffirms Hold Rating for Rathbone Brothers plc (RAT)
Numis Securities Ltd reiterated their hold rating on shares of Rathbone Brothers plc (LON:RAT) in a research note released on Wednesday morning. Numis Securities Ltd currently has a GBX 2,500 ($33.22) target price on the stock.
A number of other research analysts also recently weighed in on the company. Shore Capital reaffirmed a hold rating on shares of Rathbone Brothers plc in a research note on Wednesday. Peel Hunt reissued a hold rating and issued a GBX 2,630 ($34.95) price objective on shares of Rathbone Brothers plc in a research note on Friday, September 1st. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 2,581 ($34.29) price objective on shares of Rathbone Brothers plc in a research note on Tuesday, September 5th. Liberum Capital reissued a hold rating and issued a GBX 2,261 ($30.04) price objective on shares of Rathbone Brothers plc in a research note on Monday, August 21st. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 2,470 ($32.82) price objective on shares of Rathbone Brothers plc in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 2,453.30 ($32.60).
Rathbone Brothers plc (LON:RAT) opened at 2588.00 on Wednesday. The company’s market capitalization is GBX 1.30 billion. Rathbone Brothers plc has a 1-year low of GBX 1,745.00 and a 1-year high of GBX 2,842.00. The firm has a 50-day moving average price of GBX 2,603.08 and a 200-day moving average price of GBX 2,571.12.
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The firm also recently announced a dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 7th were issued a GBX 22 ($0.29) dividend. This represents a dividend yield of 0.83%. The ex-dividend date was Thursday, September 7th.
In other Rathbone Brothers plc news, insider Paul Stockton bought 5,118 shares of Rathbone Brothers plc stock in a transaction dated Monday, September 4th. The stock was bought at an average cost of GBX 2,773 ($36.85) per share, with a total value of £141,922.14 ($188,575.79).
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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