Rathbones Group (LON:RAT) Receives “Underperform” Rating from Jefferies Financial Group

Rathbones Group (LON:RAT)‘s stock had its “underperform” rating reaffirmed by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,360 price objective on the stock. Jefferies Financial Group’s price objective points to a potential downside of 17.87% from the company’s current price.

Separately, Royal Bank Of Canada decreased 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 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 1,877.50.

Rathbones Group Trading Down 0.5%

RAT stock opened at GBX 1,656 on Thursday. Rathbones Group has a 1-year low of GBX 1,580 and a 1-year high of GBX 2,500. The firm has a market cap of £1.70 billion, a P/E ratio of 15.82, a P/E/G ratio of -26.52 and a beta of 0.72. The business’s 50 day moving average is GBX 1,754.75 and its 200-day moving average is GBX 1,972.42. The company has a current ratio of 190.82, a quick ratio of 0.14 and a debt-to-equity ratio of 14.65.

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 8.33% and a net margin of 10.85%. Equities analysts anticipate that Rathbones Group will post 174.9287749 earnings per share for the current fiscal year.

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

Insider Activity

In other news, insider Iain Cummings bought 1,282 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of GBX 1,621 per share, with a total value of £20,781.22. Also, insider Clive Bannister bought 15,300 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of GBX 1,638 per share, for a total transaction of £250,614. Insiders have bought a total of 33,236 shares of company stock worth $54,276,234 in the last ninety days. Company insiders own 1.65% 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.