Peel Hunt Reaffirms Buy Rating for Reach (RCH)
Reach (LON:RCH)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report released on Tuesday, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently commented on the company. Barclays upped their price objective on Reach from GBX 60 ($0.78) to GBX 65 ($0.85) and gave the company an “equal weight” rating in a research note on Wednesday, February 27th. Numis Securities reiterated a “buy” rating and issued a GBX 210 ($2.74) price objective on shares of Reach in a research note on Thursday, May 2nd.
Reach stock opened at GBX 76.20 ($1.00) on Tuesday. Reach has a 12 month low of GBX 54 ($0.71) and a 12 month high of GBX 86 ($1.12). The company has a current ratio of 0.85, a quick ratio of 0.73 and a debt-to-equity ratio of 10.76. The company has a market capitalization of $225.40 million and a P/E ratio of -1.86.
Reach Company Profile
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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