Rathbones Group Plc (LON:RAT) Receives GBX 2,079 Consensus Target Price from Brokerages

Posted by Defense World Staff on Mar 9th, 2023

Rathbones Group Plc (LON:RAT – Get Rating) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 2,079 ($25.00).

Several research analysts have commented on the stock. Investec lowered shares of Rathbones Group to a “hold” rating and set a GBX 2,195 ($26.39) price objective for the company. in a report on Tuesday, February 14th. Jefferies Financial Group upgraded shares of Rathbones Group to a “hold” rating and increased their price target for the stock from GBX 1,720 ($20.68) to GBX 2,000 ($24.05) in a research note on Monday. Finally, Royal Bank of Canada downgraded shares of Rathbones Group to a “sector perform” rating and increased their price objective for the company from GBX 1,950 ($23.45) to GBX 2,100 ($25.25) in a research report on Thursday, November 17th.

Rathbones Group Price Performance

Shares of Rathbones Group stock opened at GBX 2,035 ($24.47) on Monday. The company has a current ratio of 1.12, a quick ratio of 0.14 and a debt-to-equity ratio of 14.40. The business’s 50-day moving average price is GBX 2,090.35 and its 200-day moving average price is GBX 1,961.95. The firm has a market capitalization of £1.29 billion, a PE ratio of 2,481.71, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. Rathbones Group has a 12 month low of GBX 1,553.28 ($18.68) and a 12 month high of GBX 2,245 ($27.00).

Rathbones Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 9th. Investors of record on Thursday, April 20th will be given a GBX 56 ($0.67) dividend. This is a positive change from Rathbones Group’s previous dividend of $28.00. This represents a yield of 2.69%. The ex-dividend date is Thursday, April 20th. Rathbones Group’s dividend payout ratio is 10,243.90%.

Rathbones Group Company Profile

(Get Rating)

Rathbones Group Plc, through its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom and Jersey. The company operates in two segments, Investment Management and Funds. Its services include discretionary investment management, unit trust management, financial planning and advisory, managed portfolio, and banking and loan services, as well as trust, tax, and legal advisory services.