Rathbones Group (LON:RAT) Reaches New 12-Month High – What’s Next?

Shares of Rathbones Group Plc (LON:RAT) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,250 and last traded at GBX 2,220, with a volume of 1398456 shares trading hands. The stock had previously closed at GBX 2,205.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RAT shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,050 target price on shares of Rathbones Group in a report on Thursday, October 16th. Shore Capital restated a “buy” rating and issued a GBX 2,200 price objective on shares of Rathbones Group in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,084.25.

Rathbones Group Stock Down 0.7%

The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The stock has a market capitalization of £2.28 billion, a P/E ratio of 37.30, a PEG ratio of -26.52 and a beta of 0.65. The company has a fifty day moving average price of GBX 1,958.56 and a 200-day moving average price of GBX 1,885.34.

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.