Rathbones Group (LON:RAT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Rathbones Group (LON:RAT) had its price objective raised by Canaccord Genuity Group from GBX 2,084 ($27.66) to GBX 2,087 ($27.70) in a research note published on Thursday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of Rathbones Group in a research note on Tuesday, January 28th.

Rathbones Group Stock Up 1.1 %

Shares of LON RAT opened at GBX 1,616 ($21.45) on Thursday. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14. The stock has a market capitalization of £1.68 billion, a PE ratio of 26.30, a P/E/G ratio of -26.52 and a beta of 0.65. Rathbones Group has a one year low of GBX 1,374 ($18.24) and a one year high of GBX 2,005 ($26.61). The business’s fifty day moving average price is GBX 1,565.51 and its 200-day moving average price is GBX 1,648.08.

Rathbones Group (LON:RAT) last released its quarterly earnings data on Wednesday, February 26th. The company reported GBX 161.60 ($2.14) EPS for the quarter. Rathbones Group had a net margin of 7.25% and a return on equity of 4.66%. On average, equities research analysts anticipate that Rathbones Group will post 174.9287749 EPS for the current year.

Rathbones Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 63 ($0.84) per share. This represents a yield of 3.87%. The ex-dividend date is Thursday, April 10th. This is a positive change from Rathbones Group’s previous dividend of $30.00. Rathbones Group’s payout ratio is presently 143.21%.

Insider Activity

In related news, insider Paul Stockton sold 11,767 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of GBX 1,610 ($21.37), for a total transaction of £189,448.70 ($251,458.32). Company insiders own 41.78% of the company’s stock.

Rathbones Group Company Profile