River and Mercantile Group (RIV) Price Target Raised to GBX 385

River and Mercantile Group (LON:RIV) had its price target increased by Canaccord Genuity from GBX 375 ($5.05) to GBX 385 ($5.18) in a research note issued to investors on Wednesday. They currently have a buy rating on the stock.

RIV has been the subject of several other reports. N+1 Singer reiterated a buy rating and set a GBX 400 ($5.38) price objective on shares of River and Mercantile Group in a research report on Monday, October 30th. Numis Securities reiterated a hold rating and set a GBX 400 ($5.38) price objective on shares of River and Mercantile Group in a research report on Tuesday.

River and Mercantile Group (LON RIV) opened at GBX 361 ($4.86) on Wednesday. The stock has a market capitalization of $300.90 and a P/E ratio of 2,406.67. River and Mercantile Group has a 52-week low of GBX 212.69 ($2.86) and a 52-week high of GBX 397 ($5.34).

The firm also recently disclosed a dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 23rd were given a dividend of GBX 6 ($0.08) per share. The ex-dividend date was Thursday, November 23rd. This represents a dividend yield of 1.92%.

In related news, insider Angela Crawford-Ingle purchased 6,263 shares of the company’s stock in a transaction on Monday, September 25th. The shares were bought at an average price of GBX 317 ($4.27) per share, with a total value of £19,853.71 ($26,721.01). Also, insider Robin Minter-Kemp purchased 4,731 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was bought at an average cost of GBX 316 ($4.25) per share, for a total transaction of £14,949.96 ($20,121.08). Over the last quarter, insiders have bought 40,994 shares of company stock valued at $13,380,367.

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River and Mercantile Group 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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