River and Mercantile Group PLC (RIV) Upgraded to Buy by Canaccord Genuity

Canaccord Genuity upgraded shares of River and Mercantile Group PLC (LON:RIV) to a buy rating in a report published on Tuesday morning. Canaccord Genuity currently has GBX 350 ($4.52) target price on the stock.

Several other equities research analysts have also recently weighed in on RIV. N+1 Singer began coverage on River and Mercantile Group PLC in a report on Tuesday, August 8th. They issued a buy rating and a GBX 400 ($5.17) target price for the company. Numis Securities Ltd cut River and Mercantile Group PLC to a hold rating and set a GBX 330 ($4.26) target price for the company. in a report on Tuesday, June 27th.

River and Mercantile Group PLC (LON:RIV) opened at 327.00 on Tuesday. River and Mercantile Group PLC has a one year low of GBX 205.50 and a one year high of GBX 380.00. The company’s market capitalization is GBX 266.00 million. The stock’s 50 day moving average price is GBX 336.89 and its 200 day moving average price is GBX 303.52.

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In other news, insider Masroor Ahmad sold 1,772 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of GBX 330 ($4.26), for a total value of £5,847.60 ($7,552.11).

River and Mercantile Group PLC 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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