Rathbones Group (LON:RAT) Stock Price Passes Above 200 Day Moving Average of $1,722.83

Rathbones Group Plc (LON:RAT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,722.83 ($23.04) and traded as high as GBX 1,798 ($24.05). Rathbones Group shares last traded at GBX 1,790 ($23.94), with a volume of 91,115 shares traded.

Wall Street Analysts Forecast Growth

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

Rathbones Group Stock Down 1.1 %

The firm has a market cap of £1.54 billion, a price-to-earnings ratio of 2,934.43, a P/E/G ratio of -26.52 and a beta of 0.65. The firm’s fifty day moving average is GBX 1,814.78 and its two-hundred day moving average is GBX 1,724.59. The company has a debt-to-equity ratio of 7.87, a current ratio of 1.16 and a quick ratio of 0.14.

Rathbones Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 5th will be given 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 dividend yield of 1.68%. Rathbones Group’s dividend payout ratio (DPR) is 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.