River and Mercantile Group PLC (RIV) Given New GBX 240 Price Target at Numis Securities Ltd
River and Mercantile Group PLC (LON:RIV) had its price target boosted by Numis Securities Ltd from GBX 235 ($2.91) to GBX 240 ($2.97) in a report released on Tuesday. The brokerage currently has a hold rating on the stock.
Separately, Canaccord Genuity boosted their price objective on shares of River and Mercantile Group PLC from GBX 240 ($2.97) to GBX 280 ($3.47) and gave the company a buy rating in a report on Friday, October 7th.
River and Mercantile Group PLC (LON:RIV) traded down 1.79% during trading on Tuesday, reaching GBX 220.00. 16,007 shares of the company’s stock were exchanged. River and Mercantile Group PLC has a 1-year low of GBX 173.50 and a 1-year high of GBX 283.00. The company’s 50-day moving average is GBX 220.67 and its 200-day moving average is GBX 220.67. The company’s market capitalization is GBX 180.61 million.
The business also recently declared a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 20th will be issued a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, October 20th.
In other news, insider Berry,Jack sold 587 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of GBX 225 ($2.78), for a total value of £1,320.75 ($1,634.59).
River and Mercantile Group PLC Company Profile
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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