Rathbones Group (LON:RAT) Hits New 52-Week Low – Should You Sell?

Rathbones Group Plc (LON:RAT) shares reached a new 52-week low on Monday . The company traded as low as GBX 1,580 and last traded at GBX 1,596, with a volume of 597893 shares changing hands. The stock had previously closed at GBX 1,582.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 target price on shares of Rathbones Group in a research report on Wednesday, June 17th. 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 MarketBeat.com, Rathbones Group has an average rating of “Hold” and an average price target of GBX 1,982.50.

Rathbones Group Price Performance

The stock has a market cap of £1.68 billion, a P/E ratio of 15.45, a P/E/G ratio of -26.52 and a beta of 0.71. The company has a debt-to-equity ratio of 14.65, a quick ratio of 0.14 and a current ratio of 190.82. The business has a 50 day simple moving average of GBX 1,940.95 and a 200-day simple moving average of GBX 2,016.01.

Rathbones Group declared that its Board of Directors has authorized a share buyback program on Wednesday, June 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Rathbones Group

In related news, insider Iain Cummings acquired 1,282 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of GBX 1,621 per share, for a total transaction of £20,781.22. Also, insider Terri Duhon acquired 500 shares of the stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of GBX 1,614 per share, for a total transaction of £8,070. Insiders have purchased a total of 33,218 shares of company stock worth $54,246,282 in the last ninety days. Corporate insiders own 1.41% of the company’s stock.

About Rathbones Group

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.