Rathbone Brothers (LON:RAT) Share Price Passes Above 200 Day Moving Average of $1,583.74
Rathbone Brothers Plc (LON:RAT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,583.74 ($20.69) and traded as high as GBX 1,852 ($24.20). Rathbone Brothers shares last traded at GBX 1,836 ($23.99), with a volume of 50,045 shares changing hands.
A number of equities analysts recently issued reports on the company. Canaccord Genuity raised their target price on Rathbone Brothers from GBX 1,846 ($24.12) to GBX 2,184 ($28.53) and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Berenberg Bank upped their target price on Rathbone Brothers from GBX 1,850 ($24.17) to GBX 2,000 ($26.13) and gave the company a “buy” rating in a research report on Monday, March 8th. Finally, Shore Capital reissued a “buy” rating on shares of Rathbone Brothers in a research report on Wednesday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,904.14 ($24.88).
The company has a current ratio of 1.12, a quick ratio of 0.15 and a debt-to-equity ratio of 14.94. The firm has a market cap of £1.05 billion and a price-to-earnings ratio of 37.84. The company has a fifty day moving average price of GBX 1,717.48 and a 200-day moving average price of GBX 1,585.17.
About Rathbone Brothers (LON:RAT)
Rathbone Brothers Plc, through its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom and Jersey. Its services include discretionary investment management, unit trust managed, financial planning, unitized portfolio, managed portfolio, select portfolio, and banking and loan services, as well as trust, legal, estate, and tax advisory services.
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