Peel Hunt Reaffirms Buy Rating for Reach (LON:RCH)
Peel Hunt reiterated their buy rating on shares of Reach (LON:RCH) in a research note released on Monday, ThisIsMoney.Co.Uk reports.
Separately, Numis Securities reaffirmed a hold rating and issued a GBX 135 ($1.76) price objective on shares of Bakkavor Group in a research report on Thursday, May 2nd.
LON RCH opened at GBX 79.80 ($1.04) on Monday. The business has a fifty day moving average price of GBX 76.44. The company has a market cap of $238.82 million and a price-to-earnings ratio of -1.95. The company has a debt-to-equity ratio of 10.76, a quick ratio of 0.73 and a current ratio of 0.85. Reach has a 1 year low of GBX 54 ($0.71) and a 1 year high of GBX 86 ($1.12).
Reach plc produces and distributes content through newspapers, magazines, 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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