Rathbone Brothers (LON:RAT) announced its quarterly earnings data on Thursday. The company reported GBX 138.80 ($1.92) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 132.40 ($1.83) by GBX 6.40 ($0.09), Digital Look Earnings reports. The company had revenue of £2,915.70 billion for the quarter. Rathbone Brothers had a return on equity of 12.54% and a net margin of 13.17%.
Rathbone Brothers (LON RAT) opened at GBX 2,652 ($36.64) on Friday. The company has a market capitalization of $1,360.00 and a P/E ratio of 2,882.61. Rathbone Brothers has a 12 month low of GBX 2,197 ($30.35) and a 12 month high of GBX 2,842 ($39.26).
RAT has been the topic of a number of research reports. Peel Hunt raised Rathbone Brothers to an “add” rating and raised their price objective for the company from GBX 2,630 ($36.34) to GBX 2,800 ($38.68) in a report on Thursday, January 11th. Barclays raised their price objective on Rathbone Brothers from GBX 2,560 ($35.37) to GBX 2,770 ($38.27) and gave the company an “equal weight” rating in a report on Friday, January 12th. Liberum Capital reissued a “hold” rating and set a GBX 2,422 ($33.46) price objective on shares of Rathbone Brothers in a report on Friday, December 8th. Canaccord Genuity reissued a “hold” rating and set a GBX 2,705 ($37.37) price objective on shares of Rathbone Brothers in a report on Thursday. Finally, Numis Securities reissued a “hold” rating and set a GBX 2,500 ($34.54) price objective on shares of Rathbone Brothers in a report on Thursday. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Rathbone Brothers has a consensus rating of “Hold” and an average price target of GBX 2,549.89 ($35.23).
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Rathbone Brothers Plc (Rathbone) is a United Kingdom-based provider of investment and wealth management services for private clients, charities, professional intermediaries and trustees. The Company’s services include discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.
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