River and Mercantile Group (RIV) Rating Increased to Add at Numis Securities

River and Mercantile Group (LON:RIV) was upgraded by equities researchers at Numis Securities to an “add” rating in a research note issued on Monday. The brokerage presently has a GBX 400 ($5.42) price target on the stock. Numis Securities’ price target indicates a potential upside of 18.85% from the stock’s current price.

RIV has been the topic of several other reports. Canaccord Genuity raised their target price on River and Mercantile Group from GBX 375 ($5.09) to GBX 385 ($5.22) and gave the company a “buy” rating in a report on Wednesday, December 20th. N+1 Singer restated a “buy” rating and set a GBX 400 ($5.42) target price on shares of River and Mercantile Group in a report on Tuesday, December 19th.

River and Mercantile Group (LON RIV) opened at GBX 336.56 ($4.56) on Monday. River and Mercantile Group has a 1-year low of GBX 235.25 ($3.19) and a 1-year high of GBX 397 ($5.38). The firm has a market capitalization of $274.67 and a PE ratio of 2,243.73.

In other River and Mercantile Group news, insider Chris Rutt sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of GBX 369 ($5.00), for a total transaction of £25,830 ($35,028.48).

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About River and Mercantile Group

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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