Rathbone Brothers plc (LON:RAT) was downgraded by research analysts at Peel Hunt to a “hold” rating in a research note issued to investors on Tuesday, July 25th. They currently have a GBX 2,630 ($34.25) price target on the stock, up from their previous price target of GBX 2,450 ($31.91). Peel Hunt’s price target points to a potential downside of 3.42% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Barclays PLC began coverage on Rathbone Brothers plc in a report on Monday, April 3rd. They issued an “equal weight” rating and a GBX 2,300 ($29.95) target price for the company. Royal Bank Of Canada upped their target price on Rathbone Brothers plc from GBX 2,400 ($31.25) to GBX 2,600 ($33.86) and gave the stock a “sector perform” rating in a report on Wednesday, July 19th. Liberum Capital upped their target price on Rathbone Brothers plc from GBX 1,832 ($23.86) to GBX 2,261 ($29.44) and gave the stock a “hold” rating in a report on Wednesday, July 5th. Macquarie reaffirmed a “neutral” rating and issued a GBX 2,341 ($30.49) target price on shares of Rathbone Brothers plc in a report on Friday, June 2nd. Finally, Canaccord Genuity cut Rathbone Brothers plc to a “hold” rating and set a GBX 2,470 ($32.17) target price for the company. in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,405.78 ($31.33).
Rathbone Brothers plc (LON RAT) traded up 2.60% on Tuesday, reaching GBX 2723.00. The company’s stock had a trading volume of 125,859 shares. Rathbone Brothers plc has a 12 month low of GBX 1,724.46 and a 12 month high of GBX 2,842.00. The company’s market cap is GBX 1.40 billion. The company has a 50-day moving average price of GBX 2,623.91 and a 200 day moving average price of GBX 2,429.82.
In related news, insider Paul Stockton purchased 100 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of GBX 1,784 ($23.23) per share, with a total value of £1,784 ($2,323.22).
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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