Reach (LON:RCH) Stock Price Down 1.4% – Here’s Why

Reach plc (LON:RCH) fell 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 55.47 and last traded at GBX 55.90. Approximately 409,669 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,920,388 shares. The stock had previously closed at GBX 56.70.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 175 target price on shares of Reach in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 175.

Reach Trading Up 2.3%

The stock has a 50-day moving average of GBX 52.82 and a 200 day moving average of GBX 58.77. The company has a quick ratio of 0.98, a current ratio of 0.69 and a debt-to-equity ratio of 12.68. The stock has a market cap of £180.52 million, a PE ratio of -1.37, a price-to-earnings-growth ratio of -0.37 and a beta of 1.35.

Insider Activity at Reach

In other news, insider Darren Fisher sold 92,119 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of GBX 66, for a total value of £60,798.54. Also, insider Piers North sold 13,302 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total transaction of £8,779.32. Insiders own 1.42% of the company’s stock.

Reach Company Profile

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.