Will Rathbone Brothers (RAT.L) shares break through support at 2100p, or push upwards again to 2470p (+17%)?

• Shares trading at 2097.9p, near the 2100p support (at time of writing).
• Will the pattern repeat this time? This support has proven to be a key level in the recent past.
• 2470p was the recent high. (+17%)
• Shares -17% from 12-month highs; +0% from 12 month lows.

Latest News

08:00:  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%. This was due to exceptional costs associated with a recent acquisition, combined with greater client outflows.

04 Jun:  Paul Stockton, Executive Director, exercised 273 shares in the firm on the 3rd June 2019 at a price of 1648.00p. 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 at a price of 0.00p. 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).

21 Jan:  RBC Capital Markets reiterates its sector performer rating on Rathbone Brothers (RAT) and reduced the target price to 2400p (from 2800p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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