River and Mercantile Group PLC (RIV) PT Raised to GBX 385
River and Mercantile Group PLC (LON:RIV) had its price objective increased by Canaccord Genuity from GBX 355 ($4.68) to GBX 385 ($5.08) in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 9.53% from the company’s previous close.
RIV has been the subject of several other reports. N+1 Singer initiated coverage on shares of River and Mercantile Group PLC in a research note on Tuesday, August 8th. They issued a “buy” rating and a GBX 400 ($5.28) target price for the company. Numis Securities Ltd restated a “hold” rating and set a GBX 335 ($4.42) price objective on shares of River and Mercantile Group PLC in a research report on Monday, September 25th.
Shares of River and Mercantile Group PLC (LON RIV) opened at 351.50 on Monday. River and Mercantile Group PLC has a 12 month low of GBX 205.50 and a 12 month high of GBX 380.00. The stock’s 50 day moving average is GBX 334.61 and its 200 day moving average is GBX 318.92. The company’s market capitalization is GBX 281.94 million.
In related news, insider Robin Minter-Kemp acquired 4,731 shares of River and Mercantile Group PLC stock in a transaction on Thursday, September 28th. The stock was bought at an average cost of GBX 316 ($4.17) per share, for a total transaction of £14,949.96 ($19,728.11). Also, insider Angela Crawford-Ingle acquired 6,263 shares of River and Mercantile Group PLC stock in a transaction on Monday, September 25th. The shares were bought at an average price of GBX 317 ($4.18) per share, with a total value of £19,853.71 ($26,199.14). Insiders have acquired 40,994 shares of company stock valued at $13,380,367 over the last 90 days.
River and Mercantile Group PLC Company Profile
River and Mercantile Group PLC is engaged in advisory and asset management business with a range of services, from consulting and advisory to fiduciary and fund management. The Company’s segments include Fiduciary Management Division, Derivative Solutions Division, Equity Solutions Division and Advisory Division.
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