Peel Hunt upgraded shares of Rathbone Brothers (LON:RAT) to an add rating in a report released on Thursday. They currently have GBX 2,800 ($37.97) price target on the stock, up from their prior price target of GBX 2,630 ($35.67).
Other equities research analysts have also issued reports about the company. Numis Securities reiterated a hold rating and set a GBX 2,500 ($33.90) price objective on shares of Rathbone Brothers in a research note on Wednesday, October 18th. Liberum Capital restated a hold rating and set a GBX 2,422 ($32.85) target price on shares of Rathbone Brothers in a report on Friday, December 8th. Shore Capital restated a hold rating on shares of Rathbone Brothers in a report on Wednesday, October 18th. Finally, Barclays boosted their target price on Rathbone Brothers from GBX 2,500 ($33.90) to GBX 2,560 ($34.72) and gave the stock an equal weight rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 2,507.40 ($34.00).
Rathbone Brothers (LON:RAT) traded up GBX 12 ($0.16) during trading hours on Thursday, reaching GBX 2,558 ($34.69). The company’s stock had a trading volume of 45,669 shares, compared to its average volume of 26,781. Rathbone Brothers has a 52 week low of GBX 1,995 ($27.05) and a 52 week high of GBX 2,842 ($38.54). The stock has a market cap of $1,310.00 and a price-to-earnings ratio of 3,045.24.
In other Rathbone Brothers news, insider Philip Howell acquired 76 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of GBX 2,351 ($31.88) per share, for a total transaction of £1,786.76 ($2,423.05).
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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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