N+1 Singer reissued their buy rating on shares of River and Mercantile Group PLC (LON:RIV) in a research note released on Monday morning. N+1 Singer currently has a GBX 400 ($5.28) price objective on the stock.
Other equities analysts have also issued research reports about the company. Numis Securities Ltd reissued a hold rating and set a GBX 335 ($4.42) price target on shares of River and Mercantile Group PLC in a report on Monday, September 25th. Canaccord Genuity raised River and Mercantile Group PLC to a buy rating and set a GBX 350 ($4.62) price target on the stock in a report on Tuesday, September 12th.
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The business also recently declared a dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 23rd will be issued a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, November 23rd.
In related news, insider Jonathan Dawson purchased 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average price of GBX 330 ($4.35) per share, with a total value of £99,000 ($130,641.33). Also, insider Robin Minter-Kemp purchased 4,731 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average cost of GBX 316 ($4.17) per share, for a total transaction of £14,949.96 ($19,728.11). In the last three months, insiders have purchased 40,994 shares of company stock worth $13,380,367.
About River and Mercantile Group PLC
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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