Rathbones Group (LON:RAT) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Rathbones Group Plc (LON:RAT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,635.78 ($21.85) and traded as high as GBX 1,642 ($21.93). Rathbones Group shares last traded at GBX 1,632 ($21.80), with a volume of 40,438 shares.

Analyst Ratings Changes

RAT has been the subject of a number of research reports. Canaccord Genuity Group upped their price target on shares of Rathbones Group from GBX 2,084 ($27.83) to GBX 2,087 ($27.87) and gave the stock a “buy” rating in a research report on Thursday, May 1st. Shore Capital reaffirmed a “buy” rating on shares of Rathbones Group in a research report on Thursday, May 8th.

Rathbones Group Trading Down 0.1%

The business’s 50-day moving average is GBX 1,563.49 and its two-hundred day moving average is GBX 1,635.78. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The stock has a market capitalization of £1.69 billion, a PE ratio of 26.53, a PEG ratio of -26.52 and a beta of 0.65.

Rathbones Group (LON:RAT) last posted its quarterly earnings data on Wednesday, February 26th. The company reported GBX 161.60 ($2.16) earnings per share for the quarter. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%. On average, analysts predict that Rathbones Group Plc will post 174.9287749 earnings per share for the current year.

Rathbones Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th were given a GBX 63 ($0.84) dividend. This is a boost from Rathbones Group’s previous dividend of $30.00. This represents a yield of 3.87%. The ex-dividend date was Thursday, April 10th. Rathbones Group’s dividend payout ratio is presently 143.21%.

Insider Buying and Selling at Rathbones Group

In related news, insider Dharmash Mistry bought 2,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of GBX 1,605 ($21.44) per share, for a total transaction of £40,125 ($53,592.89). Also, insider Iain Cummings bought 103 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of GBX 1,620 ($21.64) per share, for a total transaction of £1,668.60 ($2,228.66). Insiders bought a total of 2,612 shares of company stock valued at $4,194,228 in the last ninety days. Insiders own 41.78% of the company’s stock.

About Rathbones Group