Rathbones Group (LON:RAT) Hits New 12-Month High – Still a Buy?

Shares of Rathbones Group Plc (LON:RAT) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,970 and last traded at GBX 1,942, with a volume of 33494 shares changing hands. The stock had previously closed at GBX 1,942.

Analysts Set New Price Targets

RAT has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,050 price target on shares of Rathbones Group in a research note on Thursday, October 16th. Shore Capital reaffirmed a “buy” rating and issued a GBX 2,200 target price on shares of Rathbones Group in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Price Performance

The firm has a market cap of £2.05 billion, a PE ratio of 33.30, a P/E/G ratio of -26.52 and a beta of 0.65. The firm’s fifty day simple moving average is GBX 1,839.73 and its two-hundred day simple moving average is GBX 1,841.68. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87.

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.