Analysts Set Rathbone Brothers plc (RAT) Price Target at $2,796.75

Rathbone Brothers plc (LON:RAT) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 2,796.75 ($36.43).

Several equities research analysts have recently weighed in on RAT shares. Numis Securities upped their price target on shares of Rathbone Brothers from GBX 2,500 ($32.56) to GBX 2,600 ($33.87) and gave the stock a “hold” rating in a research report on Friday, June 15th. Royal Bank of Canada reaffirmed a “sector performer” rating and issued a GBX 2,700 ($35.17) price target on shares of Rathbone Brothers in a research report on Tuesday, June 26th. Peel Hunt reaffirmed a “buy” rating on shares of Rathbone Brothers in a research report on Wednesday, July 25th. Canaccord Genuity increased their target price on shares of Rathbone Brothers from GBX 2,705 ($35.24) to GBX 2,830 ($36.86) and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Liberum Capital reissued a “buy” rating and set a GBX 2,997 ($39.04) target price on shares of Rathbone Brothers in a research report on Monday, June 25th.

Shares of RAT traded down GBX 24 ($0.31) during mid-day trading on Friday, hitting GBX 2,508 ($32.67). The company’s stock had a trading volume of 10,323 shares, compared to its average volume of 47,085. Rathbone Brothers has a 52-week low of GBX 2,275 ($29.63) and a 52-week high of GBX 2,842 ($37.02).

The company also recently announced a dividend, which will be paid on Tuesday, October 2nd. Investors of record on Thursday, September 6th will be given a dividend of GBX 24 ($0.31) per share. The ex-dividend date is Thursday, September 6th. This represents a yield of 1%.

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, tax planning, trust and company management, pension advice, banking, loan, financial planning, unitized portfolio, and managed portfolio services, as well as trust, legal, estate, and tax advice services.

See Also: Intrinsic Value

Analyst Recommendations for Rathbone Brothers (LON:RAT)

Receive News & Ratings for Rathbone Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rathbone Brothers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply