River and Mercantile Group (RIV) PT Raised to GBX 390 at Canaccord Genuity

River and Mercantile Group (LON:RIV) had its price objective boosted by equities researchers at Canaccord Genuity from GBX 375 ($5.27) to GBX 390 ($5.48) in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 20.37% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on RIV. Numis Securities reaffirmed a “hold” rating and issued a GBX 335 ($4.70) target price on shares of River and Mercantile Group in a report on Monday, October 30th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 400 ($5.62) target price on shares of River and Mercantile Group in a report on Monday, October 30th.

Shares of River and Mercantile Group (LON RIV) traded down GBX 14 ($0.20) during mid-day trading on Monday, hitting GBX 324 ($4.55). The company’s stock had a trading volume of 19,310 shares, compared to its average volume of 7,139. The firm has a market cap of $266.71 and a P/E ratio of 2,160.00. River and Mercantile Group has a 52-week low of GBX 235.25 ($3.30) and a 52-week high of GBX 397 ($5.58).

In related news, insider Chris Rutt sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of GBX 369 ($5.18), for a total transaction of £25,830 ($36,273.00).

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River and Mercantile Group Company Profile

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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