Rathbones Group (LON:RAT) Stock Passes Above Two Hundred Day Moving Average of $1,713.29

Rathbones Group Plc (LON:RAT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,713.29 ($22.63) and traded as high as GBX 1,802 ($23.80). Rathbones Group shares last traded at GBX 1,786 ($23.59), with a volume of 132,151 shares trading hands.

Wall Street Analyst Weigh In

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

Rathbones Group Stock Performance

The company has a 50-day moving average of GBX 1,812.10 and a 200-day moving average of GBX 1,713.29. The firm has a market capitalization of £1.62 billion, a P/E ratio of 2,927.87, a price-to-earnings-growth ratio of -26.52 and a beta of 0.65. The company has a current ratio of 1.16, a quick ratio of 0.14 and a debt-to-equity ratio of 7.87.

Rathbones Group Increases Dividend

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

Rathbones Group Company Profile

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.