Rathbone Brothers (RAT) Price Target Lowered to GBX 2,660 at Barclays

Rathbone Brothers (LON:RAT) had its target price lowered by Barclays from GBX 2,770 ($38.27) to GBX 2,660 ($36.75) in a report released on Friday. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently commented on the company. Shore Capital reissued a hold rating on shares of Rathbone Brothers in a research note on Thursday, January 11th. Peel Hunt raised Rathbone Brothers to an add rating and raised their target price for the stock from GBX 2,630 ($36.34) to GBX 2,800 ($38.68) in a research note on Thursday, January 11th. Liberum Capital reaffirmed a hold rating and issued a GBX 2,422 ($33.46) target price on shares of Rathbone Brothers in a research note on Thursday, January 11th. Numis Securities reaffirmed a hold rating and issued a GBX 2,500 ($34.54) target price on shares of Rathbone Brothers in a research note on Thursday, January 11th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a GBX 2,705 ($37.37) target price on shares of Rathbone Brothers in a research note on Thursday. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 2,549.89 ($35.23).

Rathbone Brothers (LON:RAT) traded down GBX 98 ($1.35) during midday trading on Friday, reaching GBX 2,652 ($36.64). The company had a trading volume of 49,423 shares, compared to its average volume of 46,216. Rathbone Brothers has a 1 year low of GBX 2,197 ($30.35) and a 1 year high of GBX 2,842 ($39.26). The firm has a market cap of $1,360.00 and a P/E ratio of 2,882.61.

Rathbone Brothers (LON:RAT) last posted its quarterly earnings data on Thursday, February 22nd. The company reported GBX 138.80 ($1.92) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 132.40 ($1.83) by GBX 6.40 ($0.09). Rathbone Brothers had a return on equity of 12.54% and a net margin of 13.17%. The firm had revenue of £291.57 million during the quarter.

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Rathbone Brothers 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.

Analyst Recommendations for Rathbone Brothers (LON:RAT)

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