Jefferies Financial Group upgraded shares of Rathbone Brothers (LON:RAT) to a hold rating in a report released on Monday morning, Stock Target Advisor reports. They currently have GBX 1,430 ($18.81) price objective on the stock, down from their previous price objective of GBX 1,710 ($22.49).
RAT has been the subject of a number of other reports. Liberum Capital reissued a hold rating and set a GBX 2,039 ($26.82) target price (down from GBX 2,100 ($27.62)) on shares of Rathbone Brothers in a research note on Thursday, February 20th. Shore Capital reissued a sell rating on shares of Rathbone Brothers in a research note on Thursday, February 20th. Royal Bank of Canada lowered their target price on shares of Rathbone Brothers from GBX 2,240 ($29.47) to GBX 2,220 ($29.20) and set an outperform rating for the company in a research note on Thursday, February 20th. Finally, Peel Hunt reissued a buy rating on shares of Rathbone Brothers in a research note on Monday, February 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Rathbone Brothers presently has a consensus rating of Hold and an average price target of GBX 2,237.80 ($29.44).
RAT stock opened at GBX 1,558.60 ($20.50) on Monday. The company has a quick ratio of 0.12, a current ratio of 1.10 and a debt-to-equity ratio of 16.67. Rathbone Brothers has a twelve month low of GBX 1,194 ($15.71) and a twelve month high of GBX 2,560 ($33.68). The stock has a market capitalization of $898.88 million and a price-to-earnings ratio of 32.00. The firm’s fifty day simple moving average is GBX 1,682.40 and its two-hundred day simple moving average is GBX 2,036.92.
Rathbone Brothers (LON:RAT) last posted its quarterly earnings data on Thursday, February 20th. The company reported GBX 132.80 ($1.75) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 129.60 ($1.70) by GBX 3.20 ($0.04).
The business also recently announced a dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Thursday, April 23rd will be paid a dividend of GBX 45 ($0.59) per share. This is a positive change from Rathbone Brothers’s previous dividend of $25.00. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, April 23rd. Rathbone Brothers’s payout ratio is currently 1.44%.
About Rathbone Brothers
Rathbone Brothers Plc, through its subsidiaries, provides personalized investment and wealth management services for private clients, charities, and trustees in the United Kingdom and Jersey. Its services include discretionary investment management, unit trusts, financial planning, banking and loan, and unitized portfolio services, as well as trust, legal, estate, and tax advisory services.
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