Rathbone Brothers (RAT.L) 03-12-19
Will the Rathbone Brothers (RAT.L) share price break beneath the 2125p support zone, or will we see a return to highs of 2470p (+15%)?
- Currently trading close to the key 2125p support at 2140p (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? (+15%).
- Shares -15% from 12-month highs; +3% from 12 month lows.
28 Nov: Rathbone Investment Management, the Rathbone Brothers subsidiary, has completed the acquisition of the Court of Protection and personal injury business of Barclays Wealth. The deal is subject to the approval of regulators.
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, announced that its H1 profits fell more than 50% on exceptional costs, associated with higher client outflows and its recent acquisitions.
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.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires