Reach (LON:RCH) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Reach (LON:RCH)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 175 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 246.53% from the stock’s previous close.

Reach Stock Down 0.8%

Shares of RCH stock traded down GBX 0.40 on Thursday, hitting GBX 50.50. The stock had a trading volume of 1,717,129 shares, compared to its average volume of 2,180,431. The business has a 50 day moving average price of GBX 62.49 and a 200 day moving average price of GBX 60.12. Reach has a one year low of GBX 49.70 and a one year high of GBX 81. 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 company has a market cap of £159.34 million, a PE ratio of -1.21, a P/E/G ratio of -0.37 and a beta of 1.41.

Reach (LON:RCH) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 26.80 earnings per share for the quarter. Reach had a negative return on equity of 21.91% and a negative net margin of 25.52%. Research analysts anticipate that Reach will post 27.2482394 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Piers North sold 13,302 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total transaction of £8,779.32. Also, insider Darren Fisher sold 92,119 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total value of £60,798.54. Insiders own 1.35% 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.