Rathbone Brothers (RAT.L) 17-12-19
Will Rathbone Brothers (RAT.L) fall beyond the 2100p support level, or will we see a retest of 2540p? (+19%)
- The stock is near support at 2100p, now trading at 2125p (at time of writing).
- Whilst the past does not always repeat itself, the support level has held up well.
- From here, will buying pressure return to drive the price back to 2540p? (+19%).
- As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
- Shares -16% from 12-month highs; +3% from 12 month lows.
Latest News
28 Nov: Rathbone Investment Management has agreed to take over the personal injury and Court of Protection operations of Barclays Wealth. The deal is currently pending regulatory approval.
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 announced that its H1 profits decline by more than 50%. This was due to higher client outflows and exceptional items linked to its recent purchase of Speirs and Jeffrey.
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