Reach’s (RCH) Buy Rating Reiterated at Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of Reach (LON:RCH) in a research note released on Wednesday morning.

Separately, Barclays raised their price objective on shares of Reach from GBX 60 ($0.78) to GBX 65 ($0.85) and gave the company an equal weight rating in a research report on Wednesday, February 27th.

RCH opened at GBX 62.30 ($0.81) on Wednesday.

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 3.77 ($0.05) per share. This represents a dividend yield of 6.25%. This is an increase from Reach’s previous dividend of $2.37. The ex-dividend date is Thursday, May 9th.

In other news, insider Simon Fox sold 94,352 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of GBX 60 ($0.78), for a total transaction of £56,611.20 ($73,972.56).

About Reach

Reach plc produces and distributes content through newspapers and associated digital platforms in the United Kingdom, the Republic of Ireland, Continental Europe, and internationally. The company operates through four segments: Publishing, Printing, Specialist Digital, and Central. The Publishing segment offers content through paid-for and free newspapers and related multi-platform digital sites; holds events and exhibitions related to publishing activities; provides contract publishing for football clubs and other sport-related organizations; and offers marketing solutions and commercial partnerships.

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