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

River and Mercantile Group (LON:RIV)‘s stock had its “buy” rating restated by equities research analysts at N+1 Singer in a note issued to investors on Tuesday, December 19th. They presently have a GBX 400 ($5.42) price objective on the stock. N+1 Singer’s target price indicates a potential upside of 3.63% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Numis Securities reissued a “hold” rating and issued a GBX 335 ($4.54) price target on shares of River and Mercantile Group in a report on Monday, October 30th. Canaccord Genuity raised River and Mercantile Group to a “buy” rating and set a GBX 350 ($4.75) target price for the company in a report on Tuesday, September 12th.

River and Mercantile Group (LON RIV) traded up GBX 8 ($0.11) on Tuesday, reaching GBX 386 ($5.23). The company’s stock had a trading volume of 8,217 shares, compared to its average volume of 32,409. River and Mercantile Group has a 52 week low of GBX 235.25 ($3.19) and a 52 week high of GBX 397 ($5.38). The stock has a market capitalization of $316.89 and a price-to-earnings ratio of 2,573.33.

In related news, insider Chris Rutt sold 7,000 shares of River and Mercantile Group stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of GBX 369 ($5.00), for a total transaction of £25,830 ($35,028.48).

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About River and Mercantile Group

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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