Jonathan Sorrell Acquires 9 Shares of Rathbones Group (LON:RAT) Stock

Rathbones Group Plc (LON:RAT) insider Jonathan Sorrell  bought 9 shares of Rathbones Group stock in a transaction on Friday, September 4th. The stock was acquired at an average price of GBX 1,662 per share, with a total value of £149.58.

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

• On Monday, July 6th, Jonathan Sorrell  purchased 9 shares of Rathbones Group stock. The shares were acquired at an average price of GBX 1,664 per share, for a total transaction of £149.76.
• On Tuesday, June 16th, Jonathan Sorrell  purchased 15,320 shares of Rathbones Group stock. The shares were acquired at an average price of GBX 1,630 per share, for a total transaction of £249,716.

Rathbones Group Stock Down 0.2%

Shares of RAT stock traded down GBX 4 on Monday, hitting GBX 1,652. The company’s stock had a trading volume of 33,239 shares, compared to its average volume of 583,738. The stock has a market capitalization of £1.68 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of -26.52 and a beta of 0.72. Rathbones Group Plc has a fifty-two week low of GBX 1,580 and a fifty-two week high of GBX 2,500. The firm’s fifty day moving average price is GBX 1,675.82 and its 200-day moving average price is GBX 1,880.80. 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 posted its earnings results on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. Research analysts anticipate that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Rathbones Group declared that its Board of Directors has approved a share buyback plan on Wednesday, June 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

RAT has been the topic of several analyst reports. Royal Bank Of Canada lowered 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. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,360 price objective on shares of Rathbones Group in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.