Terri Duhon Purchases 500 Shares of Rathbones Group (LON:RAT) Stock

Rathbones Group Plc (LON:RAT) insider Terri Duhon acquired 500 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of GBX 1,614 per share, with a total value of £8,070.

Rathbones Group Stock Down 0.4%

LON RAT opened at GBX 1,612.73 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 190.82 and a debt-to-equity ratio of 14.65. The company has a fifty day moving average of GBX 1,984.57 and a two-hundred day moving average of GBX 2,023.39. The firm has a market capitalization of £1.67 billion, a price-to-earnings ratio of 15.40, a PEG ratio of -26.52 and a beta of 0.71. Rathbones Group Plc has a 52 week low of GBX 1,582 and a 52 week high of GBX 2,500.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,780 target price on shares of Rathbones Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 2,007.50.

Key Rathbones Group News

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

• Positive Sentiment: Insiders showed confidence by buying shares: Jonathan Sorrell purchased 15,320 shares and Clive Bannister bought 15,300 shares, both at prices above the recent trading range. Jonathan Sorrell Acquires 15,320 Shares of Rathbones Group (LON:RAT) Stock
• Neutral Sentiment: The company is taking corrective action after the FCA review by pausing some new client onboarding and inflows while it addresses identified issues, which may help limit longer-term regulatory risk. Rathbones ‘voluntarily’ halts some inflows as part of FCA review
• Negative Sentiment: Reports indicate the remedial program could be costly, with some estimates around a £60 million hit, and articles suggest the company may face a broader impact from blocked high-risk clients and suspended accounts. Wealth manager to take £900m hit as it blocks new high-risk clients
• Negative Sentiment: Market reaction has been weak as Rathbones’ shares fall on the voluntary freeze of high-risk clients, with investors worried about revenue growth and the operational impact of the FCA-related remediation. Rathbones Shares Plunge on Voluntary Freeze of High-Risk Clients

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.