Rathbones Group Plc (LON:RAT) Insider Sarah Gentleman Buys 1,028 Shares of Stock

Posted by Defense World Staff on May 5th, 2023

Rathbones Group Plc (LON:RAT – Get Rating) insider Sarah Gentleman bought 1,028 shares of Rathbones Group stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of GBX 1,914 ($23.91) per share, for a total transaction of £19,675.92 ($24,582.61).

Rathbones Group Price Performance

Shares of LON RAT opened at GBX 1,934 ($24.16) on Friday. The stock’s 50-day moving average is GBX 1,948.62 and its two-hundred day moving average is GBX 2,008.08. The company has a debt-to-equity ratio of 14.40, a current ratio of 1.12 and a quick ratio of 0.14. Rathbones Group Plc has a 1-year low of GBX 1,553.28 ($19.41) and a 1-year high of GBX 2,245 ($28.05). The company has a market cap of £1.23 billion, a price-to-earnings ratio of 2,302.38, a price-to-earnings-growth ratio of -26.52 and a beta of 0.63.

Rathbones Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Thursday, April 20th will be issued a GBX 56 ($0.70) dividend. The ex-dividend date is Thursday, April 20th. This represents a dividend yield of 2.69%. This is an increase from Rathbones Group’s previous dividend of $28.00. Rathbones Group’s dividend payout ratio is presently 10,000.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Investec downgraded Rathbones Group to a “hold” rating and set a GBX 2,195 ($27.42) target price on the stock. in a research report on Tuesday, February 14th. Shore Capital reaffirmed a “buy” rating on shares of Rathbones Group in a research note on Thursday, March 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 2,100 ($26.24) price objective on shares of Rathbones Group in a research note on Monday, March 13th. Finally, Jefferies Financial Group raised Rathbones Group to a “hold” rating and lifted their price objective for the company from GBX 1,720 ($21.49) to GBX 2,000 ($24.99) in a research note on Monday, March 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,079 ($25.97).

About Rathbones Group

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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.