Rathbones Group (LON:RAT) Insider Acquires £149.76 in Stock

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  bought 9 shares of the company’s stock in a transaction on Monday, July 6th. The shares were bought at an average cost of GBX 1,664 per share, for a total transaction of £149.76.

Jonathan Sorrell  also recently made the following trade(s):

• On Tuesday, June 16th, Jonathan Sorrell  purchased 15,320 shares of Rathbones Group stock. The stock was purchased at an average price of GBX 1,630 per share, for a total transaction of £249,716.
• On Thursday, June 4th, Jonathan Sorrell  acquired 8 shares of Rathbones Group stock. The shares were purchased at an average price of GBX 1,910 per share, with a total value of £152.80.

Rathbones Group Trading Up 1.6%

LON:RAT opened at GBX 1,656 on Friday. The firm has a 50 day moving average of GBX 1,828.57 and a 200 day moving average of GBX 1,995.24. The company has a quick ratio of 0.14, a current ratio of 190.82 and a debt-to-equity ratio of 14.65. Rathbones Group Plc has a 52 week low of GBX 1,580 and a 52 week high of GBX 2,500. The stock has a market capitalization of £1.70 billion, a price-to-earnings ratio of 15.82, a PEG ratio of -26.52 and a beta of 0.72.

Rathbones Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RAT has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a report on Thursday, June 18th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rathbones Group presently has an average rating of “Hold” and a consensus target price of GBX 1,982.50.

About Rathbones Group

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.