Shore Capital Reaffirms Hold Rating for Rathbone Brothers plc (RAT)

Shore Capital reissued their hold rating on shares of Rathbone Brothers plc (LON:RAT) in a research note issued to investors on Tuesday, August 1st.

A number of other brokerages have also issued reports on RAT. Peel Hunt lowered Rathbone Brothers plc to a hold rating and lifted their target price for the company from GBX 2,450 ($31.91) to GBX 2,630 ($34.25) in a research report on Tuesday, July 25th. Numis Securities Ltd reissued a hold rating and issued a GBX 2,500 ($32.56) target price on shares of Rathbone Brothers plc in a research report on Tuesday, July 25th. Canaccord Genuity reissued a hold rating and issued a GBX 2,470 ($32.17) target price on shares of Rathbone Brothers plc in a research report on Friday, July 21st. Barclays PLC lifted their target price on Rathbone Brothers plc from GBX 2,300 ($29.95) to GBX 2,500 ($32.56) and gave the company an equal weight rating in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada boosted their price target 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 research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 2,405.78 ($31.33).

Rathbone Brothers plc (LON:RAT) opened at 2729.00 on Tuesday. The firm’s market cap is GBX 1.38 billion. The stock has a 50 day moving average price of GBX 2,625.27 and a 200-day moving average price of GBX 2,432.55. Rathbone Brothers plc has a one year low of GBX 1,724.46 and a one year high of GBX 2,842.00.

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The firm also recently declared a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, September 7th will be given a dividend of GBX 22 ($0.29) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, September 7th.

In other Rathbone Brothers plc news, insider Paul Stockton purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average cost 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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