Barclays PLC Boosts Rathbone Brothers plc (LON:RAT) Price Target to GBX 2,500
Rathbone Brothers plc (LON:RAT) had its target price upped by stock analysts at Barclays PLC from GBX 2,300 ($30.03) to GBX 2,500 ($32.65) in a report released on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s target price points to a potential downside of 4.54% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Macquarie restated a “neutral” rating and issued a GBX 2,341 ($30.57) price objective on shares of Rathbone Brothers plc in a research note on Friday, June 2nd. Liberum Capital restated a “hold” rating on shares of Rathbone Brothers plc in a research note on Thursday, May 11th. Canaccord Genuity cut shares of Rathbone Brothers plc to a “hold” rating and set a GBX 2,470 ($32.25) price objective for the company. in a research note on Tuesday, May 16th. N+1 Singer started coverage on shares of Rathbone Brothers plc in a research note on Tuesday, April 25th. They issued a “sell” rating and a GBX 2,100 ($27.42) price objective for the company. Finally, Peel Hunt restated an “add” rating and issued a GBX 2,450 ($31.99) price objective on shares of Rathbone Brothers plc in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Rathbone Brothers plc has an average rating of “Hold” and an average price target of GBX 2,385.78 ($31.15).
Rathbone Brothers plc (RAT) traded up 0.34% during midday trading on Thursday, reaching GBX 2628.00. 35,769 shares of the company were exchanged. Rathbone Brothers plc has a one year low of GBX 1,724.46 and a one year high of GBX 2,694.00. The firm’s 50-day moving average is GBX 2,595.41 and its 200-day moving average is GBX 2,355.42. The firm’s market cap is GBX 1.30 billion.
In related news, insider Paul Stockton bought 100 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of GBX 1,784 ($23.30) per share, with a total value of £1,784 ($2,329.59).
Rathbone Brothers plc Company Profile
Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.
Receive News & Ratings for Rathbone Brothers plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rathbone Brothers plc and related companies with MarketBeat.com's FREE daily email newsletter.