Peel Hunt Reaffirms Buy Rating for Reach (LON:RCH)
Reach (LON:RCH)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report issued on Friday, LSE.Co.UK reports. They presently have a GBX 150 ($1.96) price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 56.25% from the company’s previous close.
Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 150 ($1.96) target price on shares of Reach in a report on Friday.
Reach stock traded up GBX 12.50 ($0.16) during mid-day trading on Friday, hitting GBX 96 ($1.25). The stock had a trading volume of 238,153 shares. The firm has a market capitalization of $249.89 million and a P/E ratio of 7.16. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 6.87. The firm’s 50 day moving average is GBX 96.62 and its 200 day moving average is GBX 87.18. Reach has a one year low of GBX 54 ($0.71) and a one year high of GBX 104.60 ($1.37).
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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