Shore Capital reissued their buy rating on shares of Rathbones Group (LON:RAT – Free Report) in a report released on Wednesday, Marketbeat.com reports.
Rathbones Group Trading Up 1.4 %
LON:RAT traded up GBX 26 ($0.33) on Wednesday, reaching GBX 1,848 ($23.62). The company’s stock had a trading volume of 53,239 shares, compared to its average volume of 79,954. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 3,623.53, a price-to-earnings-growth ratio of -26.52 and a beta of 0.66. The company has a quick ratio of 0.14, a current ratio of 1.17 and a debt-to-equity ratio of 9.42. Rathbones Group has a 12-month low of GBX 1,436 ($18.35) and a 12-month high of GBX 2,005 ($25.62). The stock has a 50 day moving average price of GBX 1,763.25 and a 200 day moving average price of GBX 1,668.98.
Rathbones Group Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 5th will be paid a dividend of GBX 30 ($0.38) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.68%. This is an increase from Rathbones Group’s previous dividend of $24.00. Rathbones Group’s payout ratio is presently 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.
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