Rathbone Brothers (RAT.L) 22-11-19
Will Rathbone Brothers (RAT.L) fall beyond the 2120p support level, or will we see a retest of 2410p? (+13%)
- The stock is near support at 2120p, now trading at 2117.56p (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 2410p? (+13%).
- 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; +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, announced that its H1 profit fell by more than 50% on exceptional costs due to its acquisition of Speirs and Jeffrey, alongside more 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