Rathbone Brothers (LON:RAT) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 2,310 ($33.08) and last traded at GBX 2,316 ($33.16), with a volume of 43039 shares trading hands. The stock had previously closed at GBX 2,412 ($34.54).
A number of research analysts recently weighed in on the stock. Liberum Capital restated a “hold” rating and set a GBX 2,422 ($34.68) target price on shares of Rathbone Brothers in a research note on Thursday, February 22nd. Shore Capital reiterated a “hold” rating on shares of Rathbone Brothers in a report on Thursday, February 22nd. Peel Hunt reiterated an “add” rating and issued a GBX 2,800 ($40.09) price target on shares of Rathbone Brothers in a report on Thursday, February 22nd. Numis Securities reiterated a “hold” rating and issued a GBX 2,500 ($35.80) price target on shares of Rathbone Brothers in a report on Thursday, February 22nd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 2,705 ($38.73) price target on shares of Rathbone Brothers in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 2,589.80 ($37.08).
Rathbone Brothers (LON:RAT) last posted its earnings results on Thursday, February 22nd. The company reported GBX 138.80 ($1.99) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 132.40 ($1.90) by GBX 6.40 ($0.09). Rathbone Brothers had a net margin of 16.47% and a return on equity of 14.61%. The firm had revenue of £291.57 million for the quarter.
The firm also recently announced a dividend, which will be paid on Monday, May 14th. Stockholders of record on Thursday, April 19th will be issued a GBX 39 ($0.56) dividend. The ex-dividend date is Thursday, April 19th. This is an increase from Rathbone Brothers’s previous dividend of $22.00. This represents a dividend yield of 1.47%.
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 ($39.13), for a total value of £57,420.33 ($82,216.97).
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About Rathbone Brothers
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, banking and loan services, financial planning, unitized portfolio, and online services, as well as trust, legal, estate, and tax advice services.
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