Rathbones Group (LON:RAT) Given New GBX 1,950 Price Target at Royal Bank Of Canada

Rathbones Group (LON:RAT) had its price objective lowered by investment analysts at Royal Bank Of Canada from GBX 2,400 to GBX 1,950 in a research note issued on Thursday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 21.12% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,780 price objective on shares of Rathbones Group in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rathbones Group has a consensus rating of “Hold” and an average price target of GBX 1,982.50.

Rathbones Group Trading Down 1.2%

LON RAT opened at GBX 1,610 on Thursday. Rathbones Group has a 12 month low of GBX 1,582 and a 12 month high of GBX 2,500. The company has a 50-day moving average of GBX 1,977.02 and a 200-day moving average of GBX 2,021.94. The company has a debt-to-equity ratio of 14.65, a current ratio of 190.82 and a quick ratio of 0.14. The company has a market cap of £1.67 billion, a P/E ratio of 15.38, a P/E/G ratio of -26.52 and a beta of 0.71.

Rathbones Group announced that its Board of Directors has initiated a share buyback program on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Rathbones Group

In other news, insider Clive Bannister bought 15,300 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of GBX 1,638 per share, for a total transaction of £250,614. Also, insider Terri Duhon bought 500 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of GBX 1,614 per share, with a total value of £8,070. In the last quarter, insiders bought 31,136 shares of company stock worth $50,870,560. 1.41% of the stock is currently owned by company insiders.

Rathbones Group News Roundup

Here are the key news stories impacting Rathbones Group this week:

• Negative Sentiment: Rathbones has reportedly suspended or restricted onboarding and investment activity for some high-risk clients while it addresses issues identified in the FCA review, raising concerns about near-term revenue and growth. Rathbones shares slide on outcome of FCA engagement, review
• Negative Sentiment: Several headlines point to a potentially costly remedial program, with estimates suggesting a meaningful financial hit and possible disruption to assets and client flows. Rathbones ‘voluntarily’ halts some inflows as part of FCA review
• Negative Sentiment: Analyst commentary remained cautious, with Jefferies reaffirming an “underperform” rating and a GBX 1,780 target, reinforcing bearish sentiment around the stock. Broker view on Rathbones Group
• Positive Sentiment: Recent insider buying by senior executives, including chair Clive Bannister and CEO Jonathan Sorrell, may help signal internal confidence in the business despite the regulatory overhang. Rathbones chair and CEO increase holdings

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.