Rathbones Group (LON:RAT) Stock Crosses Above 200-Day Moving Average – Here’s Why

Rathbones Group Plc (LON:RAT)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,894.98 and traded as high as GBX 2,240. Rathbones Group shares last traded at GBX 2,235, with a volume of 29,064 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RAT shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,050 price target on shares of Rathbones Group in a report on Thursday, October 16th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 2,200 price objective on shares of Rathbones Group in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Stock Performance

The stock has a market capitalization of £2.26 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of -26.52 and a beta of 0.65. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The firm has a 50-day moving average of GBX 2,001.43 and a 200-day moving average of GBX 1,897.17.

Rathbones Group Company Profile

With roots dating back to 1742, Rathbones is one of the UK’s leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones’ purpose is to help more people invest their money well, so they can live well.

Rathbones has been trusted for generations to manage, preserve and grow clients’ wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.