Insider Buying: RM plc (RM) Insider Acquires 5,000 Shares of Stock
RM plc (LON:RM) insider Andy Blundell acquired 5,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were bought at an average price of GBX 173 ($2.25) per share, for a total transaction of £8,650 ($11,268.89).
Shares of RM plc (LON:RM) opened at 172.50 on Tuesday. RM plc has a 52-week low of GBX 120.00 and a 52-week high of GBX 196.00. The stock’s market cap is GBX 140.28 million. The stock’s 50 day moving average is GBX 172.08 and its 200 day moving average is GBX 170.01.
The business also recently announced a dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be given a dividend of GBX 1.65 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 0.93%.
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Several research firms recently commented on RM. Numis Securities Ltd downgraded shares of RM plc to an “add” rating and set a GBX 200 ($2.61) price objective for the company. in a report on Friday, April 28th. FinnCap reissued a “buy” rating and issued a GBX 207 ($2.70) price target on shares of RM plc in a report on Wednesday, July 5th. Finally, Peel Hunt restated a “buy” rating and set a GBX 199 ($2.59) price objective on shares of RM plc in a research report on Tuesday, July 4th.
RM plc Company Profile
RM plc is engaged in supplying products, services and solutions to the United Kingdom and international education markets. The Company operates in three segments: RM Resources, RM Results and RM Education. The RM Resources segment consists of TTS Group Limited (TTS), which provides resources used in schools mainly through a direct marketing business model with goods supplied from centralized distribution centers.
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