Rathbones Group (LON:RAT) Price Target Raised to GBX 1,800

Rathbones Group (LON:RAT) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 1,700 to GBX 1,800 in a research note released on Friday morning,Digital Look reports. They currently have a hold rating on the stock.

Separately, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,703.33.

Rathbones Group Trading Up 2.4%

Shares of RAT stock opened at GBX 1,708 on Friday. The company has a debt-to-equity ratio of 10.07, a quick ratio of 0.14 and a current ratio of 111.06. The stock has a market cap of £1.74 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of -26.52 and a beta of 0.72. The firm has a fifty day moving average of GBX 1,620.12 and a 200-day moving average of GBX 1,757.27. Rathbones Group has a 52-week low of GBX 1,490 and a 52-week high of GBX 2,500.

Rathbones Group (LON:RAT) last announced its earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. On average, equities research analysts forecast that Rathbones Group will post 174.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Rathbones Group

In other Rathbones Group news, insider Michelle Scrimgeour purchased 3,055 shares of Rathbones Group stock in a transaction that occurred on Thursday, October 22nd. The stock was bought at an average price of GBX 1,624 per share, with a total value of £49,613.20. In the last ninety days, insiders bought 3,093 shares of company stock valued at $5,021,956. 1.67% of the stock is owned by insiders.

Trending Headlines about Rathbones Group

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

• Positive Sentiment: Third-quarter operating income increased 3%, while the wealth-management division returned to net inflows for a second consecutive quarter. Higher funds under management and administration should support recurring revenue, and management expects fourth-quarter operating margins to be broadly in line with expectations. Rathbones Q3 Operating Income Up 3%, Sees Q4 Operating Margin In Line
• Positive Sentiment: Insider Michelle Scrimgeour purchased 3,055 shares for approximately £49,600 at an average of GBX 1,624. The transaction may signal confidence in Rathbones’ valuation and recovery prospects. Rathbones Group Stock: Insider Michelle Scrimgeour Acquires 3,055 Shares
• Positive Sentiment: Deutsche Bank raised its price target from GBX 1,700 to GBX 1,800. The bank maintained a “hold” rating, so the target increase is encouraging but does not represent a strongly bullish recommendation.
• Positive Sentiment: Rathbones appointed Brian Stevenson as a non-executive director following Investec’s nomination. The appointment could strengthen board oversight and strategic alignment. Rathbones Names Brian Stevenson as Non-Executive Director
• Neutral Sentiment: Rathbones is being highlighted among British dividend stocks to watch, which may increase income-investor attention, although the article does not indicate a change to the company’s dividend policy or outlook. Rathbones Group Heads These 3 British Dividend Stocks To Watch
• Negative Sentiment: Asset-management operating income declined, showing that the recovery is uneven across Rathbones’ businesses and could limit earnings momentum. Rathbones Q3 Operating Income, Wealth Management Rise; Asset Management Declines
• Negative Sentiment: The company faces further FCA-related scrutiny and a potential cost of roughly £1 million. The additional regulatory exposure could offset some of the benefit from stronger inflows and operational improvements. Rathbones Faces Million-Pound Hit From Second FCA Order

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.