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

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

Iain Cummings also recently made the following trade(s):

• On Friday, June 19th, Iain Cummings purchased 800 shares of Rathbones Group stock. The shares were acquired at an average cost of GBX 1,622 per share, with a total value of £12,976.
• On Thursday, June 18th, Iain Cummings acquired 1,282 shares of Rathbones Group stock. The stock was acquired at an average price of GBX 1,621 per share, for a total transaction of £20,781.22.

Rathbones Group Price Performance

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

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

Wall Street Analyst Weigh In

Several research firms have recently commented on RAT. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,780 price objective on shares of Rathbones Group in a research note on Wednesday, June 17th. Royal Bank Of Canada cut their price target on 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. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,982.50.

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.