River and Mercantile Group PLC (LON:RIV) had its target price increased by analysts at Numis Securities Ltd from GBX 235 ($2.91) to GBX 240 ($2.97) in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 7.87% from the stock’s current price.
Separately, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 240 ($2.97) target price on shares of River and Mercantile Group PLC in a report on Friday.
Shares of River and Mercantile Group PLC (LON:RIV) traded down 1.494% during trading on Tuesday, reaching GBX 219.175. The company had a trading volume of 3,300 shares. The stock’s 50-day moving average price is GBX 220.58 and its 200-day moving average price is GBX 220.80. River and Mercantile Group PLC has a 12 month low of GBX 173.50 and a 12 month high of GBX 283.00. The stock’s market capitalization is GBX 179.93 million.
In other news, insider Berry,Jack sold 587 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of GBX 225 ($2.78), for a total transaction of £1,320.75 ($1,634.59).
River and Mercantile Group PLC Company Profile
River and Mercantile Group PLC, is a United Kingdom-based company engaged in advisory and asset management business with a range of services, from consulting and advisory to fully-delegated fiduciary and fund management. The Company’s services includes: Advisory Division that provides advisory services to the United Kingdom defined benefit pension schemes, the United Kingdom defined contribution schemes, the United States pension schemes and insurance firms.
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