Rathbones Group (LON:RAT) Insider Purchases £153.60 in Stock

Rathbones Group Plc (LON:RAT) insider Iain Hooley acquired 10 shares of the company’s stock in a transaction on Monday, October 5th. The stock was acquired at an average cost of GBX 1,536 per share, with a total value of £153.60.

Iain Hooley also recently made the following trade(s):

• On Friday, September 4th, Iain Hooley bought 9 shares of Rathbones Group stock. The stock was acquired at an average price of GBX 1,662 per share, for a total transaction of £149.58.

Rathbones Group Stock Down 0.9%

Shares of LON RAT opened at GBX 1,518 on Friday. The company has a current ratio of 111.06, a quick ratio of 0.14 and a debt-to-equity ratio of 10.07. Rathbones Group Plc has a 12-month low of GBX 1,490 and a 12-month high of GBX 2,500. The firm’s 50-day moving average price is GBX 1,640.20 and its 200-day moving average price is GBX 1,789.25. The stock has a market capitalization of £1.55 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of -26.52 and a beta of 0.72.

Rathbones Group (LON:RAT) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. On average, equities research analysts anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current fiscal year.

Rathbones Group declared that its Board of Directors has approved a share buyback program on Wednesday, June 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RAT shares. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,360 price target on shares of Rathbones Group in a report on Thursday, July 30th. Royal Bank Of Canada dropped 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 research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,836.67.

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.