Rathbones Group (LON:RAT) Shares Pass Above 200 Day Moving Average – Should You Sell?

Rathbones Group Plc (LON:RAT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,782.64 and traded as high as GBX 1,822. Rathbones Group shares last traded at GBX 1,804.86, with a volume of 183,549 shares trading hands.

Wall Street Analyst Weigh In

RAT has been the topic of a number of recent research reports. Shore Capital reissued a “buy” rating and set a GBX 2,200 price objective on shares of Rathbones Group in a report on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,050 price target on shares of Rathbones Group in a research report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 2,000 price objective on shares of Rathbones Group in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Rathbones Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,084.25.

Rathbones Group Stock Down 1.6%

The company has a 50 day moving average of GBX 1,823.62 and a 200-day moving average of GBX 1,782.64. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14. The company has a market cap of £1.85 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65.

Insider Activity

In other Rathbones Group news, insider Iain Cummings acquired 47 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was bought at an average price of GBX 1,810 per share, with a total value of £850.70. In the last ninety days, insiders bought 96 shares of company stock worth $174,140. Company insiders own 1.54% 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.