Rathbone Brothers (LON:RAT) was upgraded by stock analysts at Liberum Capital to a “buy” rating in a research report issued on Wednesday, February 28th. The brokerage currently has a GBX 2,997 ($41.41) price objective on the stock, up from their prior price objective of GBX 2,422 ($33.46). Liberum Capital’s price objective indicates a potential upside of 16.16% from the stock’s previous close.
A number of other research firms also recently commented on RAT. Numis Securities restated a “hold” rating and set a GBX 2,500 ($34.54) price objective on shares of Rathbone Brothers in a research note on Thursday, January 11th. Peel Hunt upgraded shares of Rathbone Brothers to an “add” rating and raised their target price for the company from GBX 2,630 ($36.34) to GBX 2,800 ($38.68) in a research note on Thursday, January 11th. Shore Capital reissued a “hold” rating on shares of Rathbone Brothers in a report on Thursday, January 11th. Barclays raised their target price on shares of Rathbone Brothers from GBX 2,560 ($35.37) to GBX 2,770 ($38.27) and gave the stock an “equal weight” rating in a report on Friday, January 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 2,705 ($37.37) target price on shares of Rathbone Brothers in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,613.78 ($36.11).
Rathbone Brothers (LON RAT) traded up GBX 12 ($0.17) during mid-day trading on Wednesday, reaching GBX 2,580 ($35.65). 30,748 shares of the company traded hands, compared to its average volume of 55,754. The company has a market cap of $1,330.00 and a PE ratio of 2,804.35. Rathbone Brothers has a 1 year low of GBX 2,275 ($31.43) and a 1 year high of GBX 2,842 ($39.26).
In other news, insider Andrew Morris sold 2,101 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of GBX 2,733 ($37.76), for a total transaction of £57,420.33 ($79,331.76).
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About Rathbone Brothers
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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