The Canaccord Genuity Boosts River and Mercantile Group PLC (RIV) Price Target to GBX 280

The Canaccord Genuity Boosts River and Mercantile Group PLC (RIV) Price Target to GBX 280

River and Mercantile Group PLC (LON:RIV) had its target price hoisted by Canaccord Genuity from GBX 240 ($2.97) to GBX 280 ($3.47) in a report published on Friday morning. The brokerage currently has a buy rating on the stock.

Separately, Numis Securities Ltd downgraded River and Mercantile Group PLC to a hold rating and set a GBX 235 ($2.91) price target on the stock. in a research note on Wednesday, October 5th.

River and Mercantile Group PLC (LON:RIV) opened at 223.00 on Friday. River and Mercantile Group PLC has a 12-month low of GBX 173.50 and a 12-month high of GBX 283.00. The firm has a 50-day moving average price of GBX 220.67 and a 200 day moving average price of GBX 220.67. The firm’s market cap is GBX 183.07 million.

The company also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 20th will be paid a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, October 20th.

In other River and Mercantile Group PLC news, insider Berry,Jack sold 587 shares of River and Mercantile Group PLC stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of GBX 225 ($2.78), for a total value of £1,320.75 ($1,634.59).

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