Insider Buying: Rathbones Group (LON:RAT) Insider Acquires 10 Shares of Stock

Rathbones Group Plc (LON:RAT) insider Iain Hooley acquired 10 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were acquired at an average cost of GBX 1,536 per share, for a total transaction of £153.60.

Iain Hooley also recently made the following trade(s):

• On Friday, September 4th, Iain Hooley bought 9 shares of Rathbones Group stock. The shares were acquired at an average price of GBX 1,662 per share, with a total value of £149.58.

Rathbones Group Stock Performance

Shares of Rathbones Group stock remained flat at GBX 1,518 during midday trading on Tuesday. The company had a trading volume of 38,636 shares, compared to its average volume of 539,467. Rathbones Group Plc has a 52 week low of GBX 1,512 and a 52 week high of GBX 2,500. The company has a quick ratio of 0.14, a current ratio of 111.06 and a debt-to-equity ratio of 10.07. The firm has a market cap of £1.55 billion, a PE ratio of 13.52, a P/E/G ratio of -26.52 and a beta of 0.72. The firm has a 50-day moving average price of GBX 1,649.72 and a 200 day moving average price of GBX 1,800.21.

Rathbones Group (LON:RAT) last released its earnings results on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a return on equity of 8.95% and a net margin of 11.20%. Equities research analysts forecast that Rathbones Group Plc will post 174.9287749 EPS for the current year.

Rathbones Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RAT shares. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,360 price objective on shares of Rathbones Group in a report on Thursday, July 30th. Royal Bank Of Canada dropped their price objective on Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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.