Numis Securities Ltd Reiterates “Hold” Rating for Rathbone Brothers (RAT)
Rathbone Brothers (LON:RAT)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday, AmericanBankingNews.com reports. They currently have a GBX 1,556 ($26.08) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential downside of 12.68% from the company’s current price.
Rathbone Brothers (LON:RAT) opened at 1773.00 on Thursday. Rathbone Brothers has a 1-year low of GBX 1355.00 and a 1-year high of GBX 1778.0001. The stock’s 50-day moving average is GBX 1678.56 and its 200-day moving average is GBX 1604.. The company’s market cap is £808.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Rathbone Brothers from GBX 1,700 ($28.49) to GBX 1,800 ($30.17) in a research note on Thursday, January 9th. They now have a “buy” rating on the stock.
Rathbone Brothers Plc is a provider of personalized investment and wealth management services for private clients, charities and trustees.
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