Canaccord Genuity Boosts River and Mercantile Group (RIV) Price Target to GBX 390

River and Mercantile Group (LON:RIV) had its target price lifted by research analysts at Canaccord Genuity from GBX 375 ($5.27) to GBX 390 ($5.48) in a report released on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 20.37% from the company’s previous close.

A number of other brokerages also recently weighed in on RIV. Numis Securities upgraded River and Mercantile Group to an “add” rating and set a GBX 400 ($5.62) price target on the stock in a report on Monday. N+1 Singer reiterated a “buy” rating and set a GBX 400 ($5.62) price target on shares of River and Mercantile Group in a report on Monday, October 30th.

Shares of River and Mercantile Group (LON:RIV) traded down GBX 14 ($0.20) during mid-day trading on Monday, hitting GBX 324 ($4.55). The stock had a trading volume of 19,310 shares, compared to its average volume of 7,139. River and Mercantile Group has a twelve month low of GBX 235.25 ($3.30) and a twelve month high of GBX 397 ($5.58). The stock has a market capitalization of $266.71 and a P/E ratio of 2,160.00.

In related news, insider Chris Rutt sold 7,000 shares of River and Mercantile Group stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of GBX 369 ($5.18), for a total transaction of £25,830 ($36,273.00).

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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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