RM (RM) Price Target Raised to GBX 290

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RM (LON:RM) had its target price increased by Numis Securities from GBX 275 ($3.59) to GBX 290 ($3.79) in a research report sent to investors on Friday morning. They currently have a buy rating on the stock.

Separately, Peel Hunt restated a buy rating on shares of RM in a research report on Tuesday, December 11th.

Shares of LON RM traded up GBX 4 ($0.05) during mid-day trading on Friday, hitting GBX 245 ($3.20). The company had a trading volume of 22,404 shares, compared to its average volume of 54,873. RM has a 1 year low of GBX 153.50 ($2.01) and a 1 year high of GBX 218 ($2.85).

The firm also recently announced a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 14th will be given a dividend of GBX 5.70 ($0.07) per share. This represents a yield of 2.32%. This is a boost from RM’s previous dividend of $1.90. The ex-dividend date is Thursday, March 14th.

In related news, insider Neil Martin sold 71,584 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of GBX 238 ($3.11), for a total transaction of £170,369.92 ($222,618.48).

About RM

RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.

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