Rathbones Group PLC’s Share Premium Cancellation Approved by High Court

Rathbones Group PLC ( (GB:RAT) ) has shared an announcement.

Rathbones Group PLC has announced that the High Court of Justice has approved its application to cancel the amount standing to the credit of its share premium account as of December 31, 2024. This cancellation, previously approved by shareholders, will not affect the rights of ordinary shares, their number, or nominal value, and will not impact the company’s consolidated equity or regulatory capital.

The most recent analyst rating on (GB:RAT) stock is a Hold with a £18.30 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: 74,010

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.72B

For a thorough assessment of RAT stock, go to TipRanks’ Stock Analysis page.