River and Mercantile Group PLC (RIV) Receives “Buy” Rating from N+1 Singer

N+1 Singer reaffirmed their buy rating on shares of River and Mercantile Group PLC (LON:RIV) in a research note released on Monday, October 30th. N+1 Singer currently has a GBX 400 ($5.26) price objective on the stock.

RIV has been the topic of a number of other reports. Numis Securities Ltd reiterated a hold rating and issued a GBX 335 ($4.41) price target on shares of River and Mercantile Group PLC in a report on Monday, October 30th. Canaccord Genuity lifted their price target on shares of River and Mercantile Group PLC from GBX 355 ($4.67) to GBX 385 ($5.06) and gave the company a buy rating in a report on Monday, October 30th.

Shares of River and Mercantile Group PLC (LON:RIV) traded up GBX 6.50 ($0.09) during mid-day trading on Monday, hitting GBX 383 ($5.04). 1,749 shares of the stock traded hands, compared to its average volume of 10,233. River and Mercantile Group PLC has a 12-month low of GBX 205.50 ($2.70) and a 12-month high of GBX 383 ($5.04).

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The firm also recently disclosed a dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 23rd will be paid a GBX 6 ($0.08) dividend. The ex-dividend date is Thursday, November 23rd. This represents a dividend yield of 1.92%.

In related news, insider Chris Rutt sold 7,000 shares of River and Mercantile Group PLC stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of GBX 369 ($4.85), for a total transaction of £25,830 ($33,973.43). Also, insider Robin Minter-Kemp purchased 4,731 shares of River and Mercantile Group PLC stock in a transaction dated Thursday, September 28th. The stock was acquired at an average price of GBX 316 ($4.16) per share, with a total value of £14,949.96 ($19,663.24). Insiders acquired a total of 40,994 shares of company stock valued at $13,380,367 over the last three months.

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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