Rathbones Group (LON:RAT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Rathbones Group Plc (LON:RAT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,894.98 and traded as high as GBX 2,240. Rathbones Group shares last traded at GBX 2,235, with a volume of 29,064 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Shore Capital reaffirmed a “buy” rating and issued a GBX 2,200 target price on shares of Rathbones Group in a research report on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,050 price target on shares of Rathbones Group in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,084.25.

Rathbones Group Stock Performance

The stock has a 50 day simple moving average of GBX 1,993.73 and a 200 day simple moving average of GBX 1,894.98. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87. The stock has a market cap of £2.30 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65.

Rathbones Group Company Profile

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.