River and Mercantile Group PLC (LON:RIV) Research Coverage Started at N+1 Singer
N+1 Singer assumed coverage on shares of River and Mercantile Group PLC (LON:RIV) in a research report released on Tuesday. The firm issued a buy rating and a GBX 400 ($5.21) price objective on the stock.
A number of other analysts have also commented on RIV. Numis Securities Ltd reaffirmed an add rating and issued a GBX 315 ($4.10) target price on shares of River and Mercantile Group PLC in a research report on Wednesday, April 19th. Canaccord Genuity boosted their target price on River and Mercantile Group PLC from GBX 310 ($4.04) to GBX 315 ($4.10) and gave the company a buy rating in a research report on Wednesday, April 19th.
River and Mercantile Group PLC (LON RIV) opened at 342.75 on Tuesday. The company’s 50 day moving average price is GBX 337.21 and its 200-day moving average price is GBX 292.57. River and Mercantile Group PLC has a 12-month low of GBX 205.00 and a 12-month high of GBX 380.19. The company’s market capitalization is GBX 278.82 million.
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In related news, insider Masroor Ahmad sold 1,772 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 330 ($4.30), for a total value of £5,847.60 ($7,615.05).
About River and Mercantile Group PLC
River and Mercantile Group PLC is engaged in advisory and asset management business with a range of services, from consulting and advisory to fiduciary and fund management. The Company’s segments include Fiduciary Management Division, Derivative Solutions Division, Equity Solutions Division and Advisory Division.
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