River and Mercantile Group (RIV) Rating Increased to Add at Numis Securities

River and Mercantile Group (LON:RIV) was upgraded by investment analysts at Numis Securities to an “add” rating in a research note issued to investors on Monday. The firm presently has a GBX 400 ($5.62) price objective on the stock. Numis Securities’ price target points to a potential upside of 21.21% from the stock’s previous close.

Other analysts have also issued research reports about the company. Canaccord Genuity boosted their price target on River and Mercantile Group from GBX 375 ($5.27) to GBX 385 ($5.41) and gave the company a “buy” rating in a report on Wednesday, December 20th. N+1 Singer reissued a “buy” rating and set a GBX 400 ($5.62) price target on shares of River and Mercantile Group in a report on Tuesday, December 19th.

Shares of River and Mercantile Group (LON RIV) opened at GBX 330 ($4.63) on Monday. River and Mercantile Group has a fifty-two week low of GBX 235.25 ($3.30) and a fifty-two week high of GBX 397 ($5.58). The stock has a market capitalization of $265.21 and a PE ratio of 2,200.00.

In other news, insider Chris Rutt sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of GBX 369 ($5.18), for a total value of £25,830 ($36,273.00).

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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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