Peel Hunt Reiterates Add Rating for Rathbone Brothers plc (RAT)

Rathbone Brothers plc (LON:RAT)‘s stock had its “add” rating restated by equities researchers at Peel Hunt in a note issued to investors on Thursday, May 11th. They currently have a GBX 2,450 ($30.99) price target on the stock. Peel Hunt’s target price points to a potential downside of 5.19% from the stock’s previous close.

Several other equities research analysts have also recently commented on RAT. Liberum Capital reaffirmed an “under review” rating on shares of Rathbone Brothers plc in a report on Thursday, February 23rd. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 2,350 ($29.73) price target on shares of Rathbone Brothers plc in a report on Thursday, January 12th. Shore Capital reiterated a “buy” rating and issued a GBX 2,250 ($28.46) price objective on shares of Rathbone Brothers plc in a research report on Thursday, February 23rd. N+1 Singer initiated coverage on Rathbone Brothers plc in a research report on Tuesday, April 25th. They issued a “sell” rating and a GBX 2,100 ($26.57) price objective for the company. Finally, Barclays PLC initiated coverage on Rathbone Brothers plc in a research report on Monday, April 3rd. They issued an “equal weight” rating and a GBX 2,300 ($29.10) price objective for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Rathbone Brothers plc presently has an average rating of “Hold” and an average target price of GBX 2,344.43 ($29.66).

Analyst Recommendations for Rathbone Brothers plc (LON:RAT)

Rathbone Brothers plc (LON RAT) opened at 2584.00 on Thursday. Rathbone Brothers plc has a 12 month low of GBX 1,577.00 and a 12 month high of GBX 2,694.00. The stock’s market capitalization is GBX 1.28 billion. The firm has a 50-day moving average price of GBX 2,509.86 and a 200 day moving average price of GBX 2,239.89.

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In related news, insider Paul Stockton purchased 100 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of GBX 1,784 ($22.57) per share, for a total transaction of £1,784 ($2,256.80).

Rathbone Brothers plc Company Profile

Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.

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