Rathbones Group Plc (LON:RAT – Get Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 1,580 and last traded at GBX 1,586, with a volume of 167073 shares. The stock had previously closed at GBX 1,606.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on RAT. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,360 price objective on shares of Rathbones Group in a research note on Thursday, July 30th. Royal Bank Of Canada decreased their price target on shares of 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 research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rathbones Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,836.67.
Read Our Latest Report on Rathbones Group
Rathbones Group Price Performance
Rathbones Group (LON:RAT – Get Free Report) last released 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%. Sell-side analysts expect that Rathbones Group Plc will post 174.9287749 EPS for the current fiscal year.
Rathbones Group announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
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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