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Rathbones Group PLC ( (GB:RAT) ) just unveiled an update.
Rathbones Group PLC has announced the launch of a share buyback programme, aiming to purchase ordinary shares worth up to £50 million. This initiative, managed by Merrill Lynch International, seeks to reduce the company’s share capital and will be conducted under the authority granted by shareholders and in compliance with relevant regulations. The buyback will involve open market transactions, and the purchased shares will be cancelled, reflecting the company’s strategic move to potentially enhance shareholder value.
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
Average Trading Volume: 87,865
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.92B
For a thorough assessment of RAT stock, go to TipRanks’ Stock Analysis page.