Rathbones Group (LON:RAT) Stock Passes Above Two Hundred Day Moving Average of $1,605.34

Rathbones Group Plc (LON:RAT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,605.34 ($20.17) and traded as high as GBX 1,644.80 ($20.66). Rathbones Group shares last traded at GBX 1,638 ($20.58), with a volume of 99,297 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on RAT shares. Barclays lowered their target price on shares of Rathbones Group from GBX 1,650 ($20.73) to GBX 1,520 ($19.09) and set an “underweight” rating on the stock in a research note on Tuesday, March 12th. Shore Capital restated a “buy” rating on shares of Rathbones Group in a research report on Wednesday, March 6th.

Rathbones Group Stock Performance

The company’s 50-day moving average price is GBX 1,558.68 and its two-hundred day moving average price is GBX 1,605.34. The company has a debt-to-equity ratio of 9.42, a quick ratio of 0.14 and a current ratio of 1.17. The stock has a market cap of £1.49 billion, a PE ratio of 3,211.76, a PEG ratio of -26.52 and a beta of 0.68.

Rathbones Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 24 ($0.30) per share. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, April 18th. Rathbones Group’s dividend payout ratio (DPR) is currently 17,058.82%.

Rathbones Group Company Profile

Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.