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Rathbones Group PLC ( (GB:RAT) ) has provided an update.
Rathbones Group PLC has executed a share buyback program, purchasing 16,689 ordinary shares for cancellation on the London Stock Exchange. This move is part of a broader strategy to manage its share capital and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares. The total number of voting rights in the company now stands at 93,121,948, which stakeholders can use for determining notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:RAT) stock is a Hold with a £2000.00 price target. To see the full list of analyst forecasts on Rathbones Group PLC stock, see the GB:RAT Stock Forecast page.
Spark’s Take on GB:RAT Stock
According to Spark, TipRanks’ AI Analyst, GB:RAT is a Outperform.
Rathbones Group PLC demonstrates solid financial performance with strong revenue growth and cash flow improvements, driving a high score. While technical analysis presents mixed signals, the stock is fairly valued, and recent corporate events provide a positive outlook. The overall score reflects a stable company with good financial health and strategic alignment, despite some technical challenges.
To see Spark’s full report on GB:RAT stock, click here.
More about Rathbones Group PLC
Rathbones Group PLC operates in the financial services industry, providing wealth management and investment services. The company focuses on managing and growing the wealth of its clients through tailored investment strategies.
Average Trading Volume: 88,575
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.88B
For an in-depth examination of RAT stock, go to TipRanks’ Overview page.