Rathbones Group (LON:RAT) Shares Cross Above Two Hundred Day Moving Average of $1,612.48

Shares of Rathbones Group Plc (LON:RAT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,612.48 ($20.26) and traded as high as GBX 1,770 ($22.24). Rathbones Group shares last traded at GBX 1,766 ($22.19), with a volume of 105,823 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays decreased their target price on Rathbones Group from GBX 1,650 ($20.73) to GBX 1,520 ($19.10) and set an “underweight” rating on the stock in a research report on Tuesday, March 12th. Shore Capital reaffirmed a “buy” rating on shares of Rathbones Group in a report on Wednesday, March 6th.

Rathbones Group Trading Up 0.3 %

The company has a debt-to-equity ratio of 9.42, a current ratio of 1.17 and a quick ratio of 0.14. The firm has a market capitalization of £1.61 billion, a P/E ratio of 3,462.75, a price-to-earnings-growth ratio of -26.52 and a beta of 0.68. The business’s 50-day moving average is GBX 1,575.80 and its 200 day moving average is GBX 1,612.48.

Rathbones Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 24 ($0.30) per share. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.55%. Rathbones Group’s dividend payout ratio is presently 17,058.82%.

Rathbones Group Company Profile

Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.