Rathbone Brothers plc (LON:RAT) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,075 ($27.11).
A number of research analysts have weighed in on RAT shares. Jefferies Financial Group lifted their price objective on shares of Rathbone Brothers from GBX 1,470 ($19.21) to GBX 1,550 ($20.25) and gave the company a “hold” rating in a report on Monday, July 6th. Shore Capital lifted their price objective on Rathbone Brothers from GBX 1,485 ($19.40) to GBX 1,750 ($22.87) and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Peel Hunt restated a “buy” rating and set a GBX 2,595 ($33.91) price target (up previously from GBX 2,425 ($31.69)) on shares of Rathbone Brothers in a report on Monday, July 27th. Royal Bank of Canada lifted their price target on shares of Rathbone Brothers from GBX 1,700 ($22.21) to GBX 1,730 ($22.61) and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Liberum Capital restated a “hold” rating on shares of Rathbone Brothers in a research note on Wednesday, July 29th.
LON:RAT traded up GBX 32 ($0.42) during midday trading on Friday, hitting GBX 1,722 ($22.50). 30,233 shares of the company traded hands, compared to its average volume of 57,252. The company has a current ratio of 1.09, a quick ratio of 0.09 and a debt-to-equity ratio of 16.19. Rathbone Brothers has a 12-month low of GBX 1,194 ($15.60) and a 12-month high of GBX 2,470 ($32.27). The firm’s fifty day moving average is GBX 1,668.72 and its 200-day moving average is GBX 1,511.92. The firm has a market capitalization of $988.34 million and a P/E ratio of 29.49.
The firm also recently announced a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, September 3rd will be given a dividend of GBX 25 ($0.33) per share. This represents a dividend yield of 1.49%. The ex-dividend date is Thursday, September 3rd. Rathbone Brothers’s dividend payout ratio (DPR) is presently 119.86%.
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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