Rathbones Group (LON:RAT) Earns Underperform Rating from Jefferies Financial Group

Rathbones Group (LON:RAT)‘s stock had its “underperform” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 1,780 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 10.37% from the stock’s current price.

Rathbones Group Stock Down 0.4%

RAT stock opened at GBX 1,612.73 on Wednesday. The company has a market cap of £1.67 billion, a P/E ratio of 15.40, a P/E/G ratio of -26.52 and a beta of 0.71. Rathbones Group has a 52 week low of GBX 1,582 and a 52 week high of GBX 2,500. The company’s 50-day moving average price is GBX 1,984.57 and its 200 day moving average price is GBX 2,023.39. The company has a current ratio of 190.82, a quick ratio of 0.14 and a debt-to-equity ratio of 14.65.

Insider Buying and Selling

In related news, insider Jonathan Sorrell  acquired 15,320 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of GBX 1,630 per share, with a total value of £249,716. Also, insider Terri Duhon acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of GBX 1,614 per share, for a total transaction of £8,070. Over the last 90 days, insiders have purchased 31,136 shares of company stock valued at $50,870,560. Corporate insiders own 1.41% of the company’s stock.

Key Stories Impacting Rathbones Group

Here are the key news stories impacting Rathbones Group this week:

• Positive Sentiment: Insiders showed confidence by buying shares: Jonathan Sorrell purchased 15,320 shares and Clive Bannister bought 15,300 shares, both at prices above the recent trading range. Jonathan Sorrell Acquires 15,320 Shares of Rathbones Group (LON:RAT) Stock
• Neutral Sentiment: The company is taking corrective action after the FCA review by pausing some new client onboarding and inflows while it addresses identified issues, which may help limit longer-term regulatory risk. Rathbones ‘voluntarily’ halts some inflows as part of FCA review
• Negative Sentiment: Reports indicate the remedial program could be costly, with some estimates around a £60 million hit, and articles suggest the company may face a broader impact from blocked high-risk clients and suspended accounts. Wealth manager to take £900m hit as it blocks new high-risk clients
• Negative Sentiment: Market reaction has been weak as Rathbones’ shares fall on the voluntary freeze of high-risk clients, with investors worried about revenue growth and the operational impact of the FCA-related remediation. Rathbones Shares Plunge on Voluntary Freeze of High-Risk Clients

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.