Rathbone Brothers plc (RAT) Lowered to Hold at Peel Hunt

Rathbone Brothers plc (LON:RAT) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a report issued on Tuesday, July 25th. They presently have a GBX 2,630 ($34.14) target price on the stock, up from their prior target price of GBX 2,450 ($31.81). Peel Hunt’s price objective indicates a potential downside of 5.05% from the company’s previous close.

Several other brokerages also recently commented on RAT. Macquarie restated a “neutral” rating and set a GBX 2,341 ($30.39) target price on shares of Rathbone Brothers plc in a report on Friday, June 2nd. Barclays PLC started coverage on shares of Rathbone Brothers plc in a report on Monday, April 3rd. They set an “equal weight” rating and a GBX 2,300 ($29.86) target price on the stock. Liberum Capital raised their target price on shares of Rathbone Brothers plc from GBX 1,832 ($23.78) to GBX 2,261 ($29.35) and gave the stock a “hold” rating in a report on Wednesday, July 5th. Shore Capital restated a “hold” rating on shares of Rathbone Brothers plc in a report on Thursday, May 11th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 2,500 ($32.45) target price on shares of Rathbone Brothers plc in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Rathbone Brothers plc has a consensus rating of “Hold” and an average target price of GBX 2,405.78 ($31.23).

Shares of Rathbone Brothers plc (LON RAT) remained flat at GBX 2770.00 during trading on Tuesday. The company’s stock had a trading volume of 27,919 shares. The stock’s market cap is GBX 1.40 billion. 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 has a 50 day moving average of GBX 2,647.35 and a 200-day moving average of GBX 2,454.12.

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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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