Insider Buying: Rathbones Group (LON:RAT) Insider Acquires 9 Shares of Stock

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  acquired 9 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average price of GBX 1,664 per share, with a total value of £149.76.

Jonathan Sorrell  also recently made the following trade(s):

• On Tuesday, June 16th, Jonathan Sorrell  bought 15,320 shares of Rathbones Group stock. The stock was bought at an average cost of GBX 1,630 per share, for a total transaction of £249,716.
• On Thursday, June 4th, Jonathan Sorrell  bought 8 shares of Rathbones Group stock. The stock was bought at an average price of GBX 1,910 per share, for a total transaction of £152.80.

Rathbones Group Stock Performance

Shares of RAT opened at GBX 1,602 on Wednesday. Rathbones Group Plc has a 1 year low of GBX 1,580 and a 1 year high of GBX 2,500. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of -26.52 and a beta of 0.72. 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 firm has a fifty day moving average of GBX 1,851.11 and a 200-day moving average of GBX 2,001.39.

Rathbones Group announced that its board has authorized a share buyback program on Wednesday, June 17th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on RAT shares. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,780 target price on shares of Rathbones Group in a research report on Wednesday, June 17th. Royal Bank Of Canada cut their price target on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,982.50.

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.