RM’s (RM) Buy Rating Reiterated at FinnCap
RM (LON:RM)‘s stock had its “buy” rating reissued by FinnCap in a research report issued on Thursday. They presently have a GBX 207 ($2.79) target price on the stock. FinnCap’s target price points to a potential upside of 11.44% from the company’s previous close.
Separately, Peel Hunt upped their price objective on RM from GBX 199 ($2.68) to GBX 203 ($2.73) and gave the stock a “buy” rating in a research report on Thursday.
RM (LON RM) traded up GBX 25.75 ($0.35) during trading on Thursday, reaching GBX 185.75 ($2.50). The company’s stock had a trading volume of 19,363 shares, compared to its average volume of 38,673. RM has a 1-year low of GBX 126.93 ($1.71) and a 1-year high of GBX 196 ($2.64).
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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