Simon Fox Sells 94,352 Shares of Reach PLC (RCH) Stock

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Reach PLC (LON:RCH) insider Simon Fox sold 94,352 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 60 ($0.78), for a total value of £56,611.20 ($73,972.56).

Shares of LON RCH opened at GBX 62.80 ($0.82) on Friday. The company has a debt-to-equity ratio of 10.76, a current ratio of 0.85 and a quick ratio of 0.73. Reach PLC has a 1 year low of GBX 54 ($0.71) and a 1 year high of GBX 89.40 ($1.17).

The company also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 3.77 ($0.05) per share. This is a positive change from Reach’s previous dividend of $2.37. This represents a yield of 6.25%. The ex-dividend date of this dividend is Thursday, May 9th. Reach’s dividend payout ratio (DPR) is presently -0.15%.

A number of equities analysts have issued reports on the company. Peel Hunt reaffirmed a “buy” rating on shares of Reach in a research note on Wednesday, December 5th. Barclays increased their price target on Reach from GBX 60 ($0.78) to GBX 65 ($0.85) and gave the company an “equal weight” rating in a research note on Wednesday, February 27th.

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Reach Company Profile

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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