Canaccord Genuity Initiates Coverage on River and Mercantile Group PLC (RIV)
Equities research analysts at Canaccord Genuity initiated coverage on shares of River and Mercantile Group PLC (LON:RIV) in a research note issued to investors on Monday. The firm set a “buy” rating and a GBX 231 ($3.86) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 13.79% from the company’s current price.
Separately, analysts at Numis Securities Ltd initiated coverage on shares of River and Mercantile Group PLC in a research note on Monday, August 4th. They set an “add” rating and a GBX 235 ($3.93) price target on the stock.
River and Mercantile Group PLC (LON:RIV) opened at 205.00 on Monday. River and Mercantile Group PLC has a 52 week low of GBX 187.00 and a 52 week high of GBX 234.00. The stock’s 50-day moving average is GBX 212.5 and its 200-day moving average is GBX 210.9. The company’s market cap is £168.3 million.
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