Rathbones Group (LON:RAT) Hits New 12-Month High – Here’s What Happened

Rathbones Group Plc (LON:RAT) hit a new 52-week high on Tuesday . The company traded as high as GBX 1,970 and last traded at GBX 1,942, with a volume of 33494 shares. The stock had previously closed at GBX 1,942.

Analyst Upgrades and Downgrades

RAT has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,050 price objective on shares of Rathbones Group in a research report on Thursday, October 16th. Shore Capital reaffirmed a “buy” rating and set a GBX 2,200 target price on shares of Rathbones Group in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Stock Performance

The stock has a 50 day moving average of GBX 1,836.89 and a 200 day moving average of GBX 1,838.96. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The firm has a market cap of £2.02 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of -26.52 and a beta of 0.65.

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.