Jefferies Financial Group restated their underperform rating on shares of Rathbones Group (LON:RAT – Free Report) in a research report sent to investors on Thursday,Digital Look reports. They currently have a GBX 1,360 price objective on the stock.
Separately, Royal Bank Of Canada cut 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. According to MarketBeat, Rathbones Group currently has an average rating of “Hold” and a consensus target price of GBX 1,836.67.
Check Out Our Latest Stock Report on Rathbones Group
Rathbones Group Price Performance
Rathbones Group (LON:RAT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 88.50 earnings per share (EPS) for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. On average, equities analysts anticipate that Rathbones Group will post 174.9287749 EPS for the current year.
Rathbones Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Rathbones Group
In other Rathbones Group news, insider Jonathan Sorrell bought 15,320 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of GBX 1,630 per share, for a total transaction of £249,716. Also, insider Iain Cummings bought 800 shares of Rathbones Group stock in a transaction dated Friday, June 19th. The stock was acquired at an average cost of GBX 1,622 per share, for a total transaction of £12,976. In the last quarter, insiders have bought 33,236 shares of company stock worth $54,276,234. Corporate insiders own 1.65% of the company’s stock.
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.
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