River and Mercantile Group PLC (RIV) Given Buy Rating at N+1 Singer
River and Mercantile Group PLC (LON:RIV)‘s stock had its “buy” rating reaffirmed by N+1 Singer in a research report issued to clients and investors on Monday. They currently have a GBX 400 ($5.39) target price on the stock. N+1 Singer’s price objective suggests a potential upside of 30.29% from the company’s current price.
RIV has been the topic of a number of other research reports. Canaccord Genuity upgraded shares of River and Mercantile Group PLC to a “buy” rating and set a GBX 350 ($4.72) price target on the stock in a research note on Tuesday, September 12th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 335 ($4.52) price target on shares of River and Mercantile Group PLC in a research note on Monday.
Shares of River and Mercantile Group PLC (LON:RIV) traded up 1.95% during midday trading on Monday, hitting GBX 313.00. The stock had a trading volume of 21,362 shares. River and Mercantile Group PLC has a 1-year low of GBX 205.50 and a 1-year high of GBX 380.00. The firm’s market capitalization is GBX 254.62 million. The company’s 50 day moving average price is GBX 331.39 and its 200-day moving average price is GBX 304.96.
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In related news, insider Masroor Ahmad sold 1,772 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 330 ($4.45), for a total value of £5,847.60 ($7,884.05).
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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