Numis Securities Increases RM (RM) Price Target to GBX 235

RM (LON:RM) had its price target hoisted by stock analysts at Numis Securities from GBX 215 ($3.01) to GBX 235 ($3.30) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Numis Securities’ target price would indicate a potential upside of 29.48% from the stock’s previous close.

A number of other brokerages also recently weighed in on RM. Peel Hunt restated a “buy” rating and set a GBX 203 ($2.85) price objective on shares of RM in a research report on Friday, January 5th. FinnCap restated a “buy” rating and set a GBX 207 ($2.90) price objective on shares of RM in a research report on Thursday, December 7th.

RM (LON RM) opened at GBX 181.50 ($2.54) on Monday. The firm has a market cap of $153.76 and a P/E ratio of 1,134.38. RM has a 52-week low of GBX 153.50 ($2.15) and a 52-week high of GBX 205 ($2.87).

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RM 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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