Rathbones Group (LON:RAT) Stock Price Crosses Above 200 Day Moving Average of $1,692.47

Rathbones Group Plc (LON:RAT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,692.47 ($22.32) and traded as high as GBX 1,886 ($24.87). Rathbones Group shares last traded at GBX 1,886 ($24.87), with a volume of 349,954 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Rathbones Group in a research note on Wednesday, August 7th.

Rathbones Group Price Performance

The firm has a market cap of £1.71 billion, a PE ratio of 3,091.80, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a quick ratio of 0.14, a current ratio of 1.16 and a debt-to-equity ratio of 7.87. The stock has a 50 day moving average price of GBX 1,800.67 and a two-hundred day moving average price of GBX 1,692.47.

Rathbones Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 5th will be issued a GBX 30 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 1.68%. This is a boost from Rathbones Group’s previous dividend of $24.00. Rathbones Group’s dividend payout ratio (DPR) is currently 14,426.23%.

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.