Rathbones Group (LON:RAT) Stock: Insider Jonathan Sorrell Purchases 10 Shares

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  bought 10 shares of Rathbones Group stock in a transaction dated Monday, October 5th. The stock was acquired at an average cost of GBX 1,536 per share, for a total transaction of £153.60.

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

• On Friday, September 4th, Jonathan Sorrell  purchased 9 shares of Rathbones Group stock. The shares were acquired at an average price of GBX 1,662 per share, for a total transaction of £149.58.

Rathbones Group Trading Up 1.3%

RAT stock opened at GBX 1,532 on Thursday. The business has a fifty day moving average price of GBX 1,642.96 and a 200 day moving average price of GBX 1,792.77. Rathbones Group Plc has a fifty-two week low of GBX 1,500 and a fifty-two week high of GBX 2,500. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of -26.52 and a beta of 0.72. The company has a debt-to-equity ratio of 10.07, a current ratio of 111.06 and a quick ratio of 0.14.

Rathbones Group (LON:RAT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 earnings per share (EPS) for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. Analysts expect that Rathbones Group Plc will post 174.9287749 EPS for the current fiscal year.

Rathbones Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RAT shares. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. Royal Bank Of Canada lowered 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. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 1,836.67.

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.