Shore Capital Reaffirms Buy Rating for Rathbones Group (LON:RAT)

Shore Capital reiterated their buy rating on shares of Rathbones Group (LON:RAT) in a research report report published on Wednesday, MarketBeat.com reports.

Rathbones Group Price Performance

RAT stock traded up GBX 26 ($0.33) during midday trading on Wednesday, reaching GBX 1,848 ($23.62). The company had a trading volume of 53,239 shares, compared to its average volume of 79,954. The firm has a 50-day moving average price of GBX 1,763.25 and a 200-day moving average price of GBX 1,668.98. The company has a debt-to-equity ratio of 9.42, a current ratio of 1.17 and a quick ratio of 0.14. The company has a market capitalization of £1.68 billion, a P/E ratio of 3,623.53, a P/E/G ratio of -26.52 and a beta of 0.66. Rathbones Group has a 1 year low of GBX 1,436 ($18.35) and a 1 year high of GBX 2,005 ($25.62).

Rathbones Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 5th will be paid a GBX 30 ($0.38) dividend. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 5th. This is a positive change from Rathbones Group’s previous dividend of $24.00. Rathbones Group’s payout ratio is 17,058.82%.

About Rathbones Group

Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.