Insider Buying: Rathbones Group (LON:RAT) Insider Acquires 9 Shares of Stock

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  acquired 9 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were bought at an average cost of GBX 1,664 per share, with a total value of £149.76.

Jonathan Sorrell  also recently made the following trade(s):

• On Tuesday, June 16th, Jonathan Sorrell  bought 15,320 shares of Rathbones Group stock. The stock was bought at an average price of GBX 1,630 per share, for a total transaction of £249,716.
• On Thursday, June 4th, Jonathan Sorrell  purchased 8 shares of Rathbones Group stock. The shares were bought at an average cost of GBX 1,910 per share, for a total transaction of £152.80.

Rathbones Group Stock Down 2.8%

LON:RAT opened at GBX 1,602 on Wednesday. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. Rathbones Group Plc has a one year low of GBX 1,580 and a one year high of GBX 2,500. The stock has a 50-day simple moving average of GBX 1,851.11 and a 200 day simple moving average of GBX 2,001.39.

Rathbones Group declared that its board has approved a share repurchase program on Wednesday, June 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RAT shares. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 price target on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada decreased their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,982.50.

About Rathbones Group

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.