River and Mercantile Group PLC (LON:RIV) had its price objective increased by investment analysts at Numis Securities Ltd from GBX 235 ($2.91) to GBX 240 ($2.97) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 9.09% from the stock’s current price.
Separately, Canaccord Genuity raised their price objective on shares of River and Mercantile Group PLC from GBX 240 ($2.97) to GBX 280 ($3.47) and gave the stock a “buy” rating in a report on Friday, October 7th.
Shares of River and Mercantile Group PLC (LON:RIV) opened at 220.00 on Tuesday. The company’s 50-day moving average is GBX 220.96 and its 200-day moving average is GBX 220.67. River and Mercantile Group PLC has a 12-month low of GBX 173.50 and a 12-month high of GBX 283.00. The company’s market cap is GBX 180.61 million.
The company also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 3.40 ($0.04) per share. This represents a yield of 1.52%. The ex-dividend date is Thursday, October 20th.
In other River and Mercantile Group PLC news, insider Berry,Jack sold 587 shares of River and Mercantile Group PLC stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of GBX 225 ($2.78), for a total transaction of £1,320.75 ($1,634.59).
About River and Mercantile Group PLC
River and Mercantile Group PLC, is a United Kingdom-based company engaged in advisory and asset management business with a range of services, from consulting and advisory to fully-delegated fiduciary and fund management. The Company’s services includes: Advisory Division that provides advisory services to the United Kingdom defined benefit pension schemes, the United Kingdom defined contribution schemes, the United States pension schemes and insurance firms.
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