Rathbones Group (LON:RAT) Rating Reiterated by Shore Capital

Shore Capital reissued their buy rating on shares of Rathbones Group (LON:RAT – Get Rating) in a report published on Thursday morning, Marketbeat reports.

A number of other brokerages have also commented on RAT. Berenberg Bank reissued a buy rating and set a GBX 2,170 ($27.11) price target on shares of Rathbones Group in a research note on Wednesday, March 23rd. Barclays reissued an overweight rating and issued a GBX 2,600 ($32.48) price target on shares of Rathbones Group in a research note on Monday, February 21st. Royal Bank of Canada boosted their price objective on Rathbones Group from GBX 2,250 ($28.11) to GBX 2,420 ($30.23) and gave the company an outperform rating in a report on Wednesday, April 13th. Finally, Peel Hunt restated a buy rating and set a GBX 2,595 ($32.42) price objective on shares of Rathbones Group in a report on Friday, February 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of GBX 2,224 ($27.78).

RAT stock opened at GBX 2,020 ($25.23) on Thursday. The company has a debt-to-equity ratio of 15.58, a current ratio of 1.13 and a quick ratio of 0.20. Rathbones Group has a fifty-two week low of GBX 1,426.08 ($17.81) and a fifty-two week high of GBX 2,230 ($27.86). The stock has a market capitalization of £1.26 billion and a price-to-earnings ratio of 15.62. The business’s fifty day moving average price is GBX 1,907.64 and its two-hundred day moving average price is GBX 1,908.03.

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 10th. Shareholders of record on Thursday, April 21st will be issued a GBX 54 ($0.67) dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a yield of 3.16%. This is a boost from Rathbones Group’s previous dividend of $27.00. Rathbones Group’s dividend payout ratio (DPR) is 0.57%.

About Rathbones Group (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.

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