Rathbone Brothers plc (RAT) Insider Sells £39,996.50 in Stock

Rathbone Brothers plc (LON:RAT) insider Andrew Butcher sold 1,670 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 2,395 ($31.29), for a total value of £39,996.50 ($52,262.51).

LON RAT opened at GBX 2,414.95 ($31.56) on Wednesday. The stock has a market capitalization of $1.31 billion and a P/E ratio of 28.02. The company has a quick ratio of 0.13, a current ratio of 1.10 and a debt-to-equity ratio of 4.37. Rathbone Brothers plc has a 12 month low of GBX 2,158 ($28.20) and a 12 month high of GBX 2,708 ($35.38).

Rathbone Brothers (LON:RAT) last posted its earnings results on Thursday, February 21st. The company reported GBX 142.50 ($1.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 136.30 ($1.78) by GBX 6.20 ($0.08).

The firm also recently announced a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, April 18th will be paid a GBX 42 ($0.55) dividend. This represents a yield of 1.87%. This is a boost from Rathbone Brothers’s previous dividend of $24.00. The ex-dividend date of this dividend is Thursday, April 18th. Rathbone Brothers’s payout ratio is presently 0.77%.

A number of research firms recently commented on RAT. Numis Securities reiterated a “hold” rating and issued a GBX 2,500 ($32.67) price objective on shares of Rathbone Brothers in a report on Thursday, February 21st. Peel Hunt dropped their price objective on Rathbone Brothers from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) and set a “buy” rating for the company in a report on Thursday, February 21st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Rathbone Brothers in a report on Thursday, February 21st. Finally, Shore Capital reiterated a “hold” rating on shares of Rathbone Brothers in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 2,695.40 ($35.22).

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Rathbone Brothers Company Profile

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, tax planning, trust and company management, pension advice, banking, loan, financial planning, unitized portfolio, and managed portfolio services, as well as trust, legal, estate, and tax advice services.

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