Canaccord Genuity Increases River and Mercantile Group PLC Price Target to GBX 253 (RIV)
Stock analysts at Canaccord Genuity boosted their price objective on shares of River and Mercantile Group PLC (LON:RIV) from GBX 231 ($3.83) to GBX 253 ($4.20) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 21.63% from the stock’s previous close.
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 ($3.90) price target on the stock.
Shares of River and Mercantile Group PLC (LON:RIV) traded down 1.44% on Thursday, hitting GBX 205.00. The stock had a trading volume of 3,068 shares. River and Mercantile Group PLC has a 1-year low of GBX 187.00 and a 1-year high of GBX 234.00. The stock has a 50-day moving average of GBX 210.9 and a 200-day moving average of GBX 210.8. The company’s market cap is £168.3 million.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of GBX 2.30 ($0.04) per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, October 9th.
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