Rathbone Brothers (RAT.L) 13-11-19
Will the Rathbone Brothers (RAT.L) share price break beneath the 2100p support zone, or will we see a return to highs of 2470p (+16%)?
- Currently trading close to the key 2100p support at 2130p (at time of writing).
- The support has proven reliable until now. Will the price rebound again?
- As always, traders should be mindful of stop-loss placement.
- Will the shares bounce again to recent highs at 2470p? (+16%).
- Shares -16% from 12-month highs; +2% from 12 month lows.
Latest News
05 Nov: Paul Stockton, Executive Director, bought 8 shares in the firm on the 4th November 2019 at a price of 2100p. This Director currently has 95,140 shares.
25 Oct: Shore Capital has downgraded its rating on Rathbone Brothers (RAT) to sell (from hold) and reduced the target price to 2035p (from 2350p).
24 Jul: Rathbone Brothers, the wealth manager, said its H1 profit fell by over 50% on exceptional costs due to a recent acquisition, alongside higher client outflows.
04 Jun: Paul Stockton, Executive Director, exercised 273 shares in the firm on the 3rd June 2019 at a price of 1648p. This Director currently has 94,056 shares.
26 Mar: Philip Howell, CEO, has transferred in 5,968 shares in the firm on the 25th March 2019. This Director currently has 65,923 shares.
26 Mar: Paul Stockton, Financial Director, has transferred in 3,794 shares in the firm on the 25th March 2019. This Director currently has 93,708 shares.
21 Feb: Peel Hunt reiterates its buy rating on Rathbone Brothers (RAT) and reduced the target price to 2750p (from 2900p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires