Peel Hunt Reaffirms Buy Rating for Reach (RCH)

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Peel Hunt reiterated their buy rating on shares of Reach (LON:RCH) in a research report sent to investors on Wednesday morning.

RCH has been the topic of several other reports. Barclays lowered their target price on Reach from GBX 78 ($1.02) to GBX 71 ($0.93) and set an equal weight rating on the stock in a research note on Tuesday, October 9th. Numis Securities restated a buy rating and issued a GBX 208 ($2.72) target price on shares of Reach in a research note on Monday, October 8th. Finally, Citigroup restated a neutral rating and issued a GBX 77 ($1.01) target price on shares of Reach in a research note on Thursday, August 16th.

Shares of RCH opened at GBX 59 ($0.77) on Wednesday.

About Reach

Reach plc produces and distributes content through newspapers and associated digital platforms in the United Kingdom, the Republic of Ireland, Continental Europe, and internationally. The company operates through four segments: Publishing, Printing, Specialist Digital, and Central. The Publishing segment offers content through paid-for and free newspapers and related multi-platform digital sites; holds events and exhibitions related to publishing activities; provides contract publishing for football clubs and other sport-related organizations; and offers marketing solutions and commercial partnerships.

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