Rathbones Group (LON:RAT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Rathbones Group Plc (LON:RAT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,800.02 and traded as high as GBX 1,904. Rathbones Group shares last traded at GBX 1,824, with a volume of 90,639 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RAT shares. Shore Capital reissued a “buy” rating and issued a GBX 2,200 price target on shares of Rathbones Group in a research report on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,050 target price on shares of Rathbones Group in a research note on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,084.25.

Rathbones Group Stock Performance

The firm’s 50 day moving average price is GBX 1,821.29 and its 200-day moving average price is GBX 1,800.02. The firm has a market cap of £1.97 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of -26.52 and a beta of 0.65. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14.

Insiders Place Their Bets

In related news, insider Iain Cummings purchased 47 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were bought at an average cost of GBX 1,810 per share, for a total transaction of £850.70. Over the last ninety days, insiders have acquired 96 shares of company stock valued at $174,140. 1.54% of the stock is owned by corporate insiders.

Rathbones Group Company Profile

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.