Rathbones Group (LON:RAT) Reaches New 12-Month Low – Time to Sell?

Rathbones Group Plc (LON:RAT) hit a new 52-week low on Monday . The company traded as low as GBX 1,580 and last traded at GBX 1,596, with a volume of 597893 shares changing hands. The stock had previously closed at GBX 1,582.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RAT. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada dropped their target price on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,982.50.

Rathbones Group Trading Up 1.0%

The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. The firm has a market capitalization of £1.65 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of -26.52 and a beta of 0.71. The firm has a 50 day moving average price of GBX 1,958.75 and a two-hundred day moving average price of GBX 2,018.65.

Rathbones Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, June 17th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Terri Duhon purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of GBX 1,614 per share, with a total value of £8,070. Also, insider Clive Bannister purchased 15,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of GBX 1,638 per share, for a total transaction of £250,614. Over the last quarter, insiders have acquired 33,218 shares of company stock worth $54,246,282. Company insiders own 1.41% of the company’s stock.

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.