Rathbones Group (RAT)

Sector:

Financials

Index:

FTSE 250

1,522.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 2,005.00
  • 52 Week Low: 1,458.00
  • Currency: UK Pounds
  • Shares Issued: 90.62m
  • Volume: 868
  • Market Cap: £1,379.29m
  • RiskGrade: 130

RBC Capital Markets lowers target price on Rathbones Group

By Iain Gilbert

Date: Monday 17 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets lowered their target price on investment manager Rathbones Group from 2,100.0p to 1,950.0p on Monday as it updated its model on the firm ahead of its third-quarter trading statement.
RBC said it was updating its forecasts for Rathbones across its forecast period, as it expects "negative recent market movements" to outweigh the benefit of higher interest rates.

The Canadian bank expects group funds under management to have reduced by 3% quarter-on-quarter to £58.9bn, within this it expects minor positive net inflows of £100.0m to be offset by said market movements.

"We expect net operating income of £109.9m for the quarter, up 3% year-on-year, helped by higher net interest income as well as the positive contribution from Saunderson House," said the analysts, who also reduced their earnings per share estimates by 5% across all years.

"The changes to our forecasts lead us to lower our price target, however, we still see clear upside potential in the shares. Rathbones remains one of the leading franchises within a UK wealth market that has secular growth drivers. We consider the current FY23E P/E of 12.7x as undemanding (particularly given multiples paid acquisitions in the sector over the last two years), and retain our 'outperform' rating."









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rathbones Group Market Data

Currency UK Pounds
Share Price 1,522.00p
Change Today -2.00p
% Change -0.13 %
52 Week High 2,005.00
52 Week Low 1,458.00
Volume 868
Shares Issued 90.62m
Market Cap £1,379.29m
RiskGrade 130

Rathbones Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.05% above the market average3.05% above the market average3.05% above the market average3.05% above the market average3.05% above the market average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average
Price Trend
33.14% below the market average33.14% below the market average33.14% below the market average33.14% below the market average33.14% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Income
81.57% above the market average81.57% above the market average81.57% above the market average81.57% above the market average81.57% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Growth
30.64% below the market average30.64% below the market average30.64% below the market average30.64% below the market average30.64% below the market average
6.54% below the sector average6.54% below the sector average6.54% below the sector average6.54% below the sector average6.54% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 3
Sell 2
Strong Sell 0
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rathbones Group Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 18-Apr-24 19-Sep-23
Paid 14-May-24 11-Oct-23
Amount 24.00p 34.00p

Trades for 28-Mar-2024

Time Volume / Share Price
08:28 7 @ 1,525.50p
08:10 107 @ 1,522.00p
08:09 74 @ 1,516.00p
08:09 15 @ 1,516.00p
08:09 8 @ 1,516.00p

Rathbones Group Key Personnel

CEO Paul Stockton
CFO Iain Hooley

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