River and Mercantile Group PLC (RIV) Rating Lowered to Hold at Numis Securities Ltd
River and Mercantile Group PLC (LON:RIV) was downgraded by research analysts at Numis Securities Ltd to a “hold” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 235 ($3.07) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 4.91% from the stock’s current price.
Separately, Canaccord Genuity cut shares of River and Mercantile Group PLC to a “hold” rating and decreased their price target for the company from GBX 307 ($4.01) to GBX 235 ($3.07) in a research note on Tuesday, June 14th.
River and Mercantile Group PLC (LON:RIV) opened at 230.00 on Wednesday. The stock’s market capitalization is GBX 188.82 million. River and Mercantile Group PLC has a 52-week low of GBX 173.50 and a 52-week high of GBX 283.00. The firm’s 50-day moving average is GBX 219.20 and its 200 day moving average is GBX 221.42.
In related news, insider Berry,Jack sold 587 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of GBX 225 ($2.94), for a total transaction of £1,320.75 ($1,723.99).
About River and Mercantile Group PLC
River and Mercantile Group PLC, is a United Kingdom-based company engaged in advisory and asset management business with a range of services, from consulting and advisory to fully-delegated fiduciary and fund management. The Company’s services includes: Advisory Division that provides advisory services to the United Kingdom defined benefit pension schemes, the United Kingdom defined contribution schemes, the United States pension schemes and insurance firms.
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