Reach (LON:RCH) Shares Down 1.2% – Here’s Why

Reach plc (LON:RCH) dropped 1.2% during trading on Thursday . The stock traded as low as GBX 50.30 and last traded at GBX 51. Approximately 639,414 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,942,590 shares. The stock had previously closed at GBX 51.60.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 175 price target on shares of Reach in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 175.

Reach Trading Down 1.2%

The firm has a fifty day moving average of GBX 56.07 and a 200-day moving average of GBX 58.91. The company has a debt-to-equity ratio of 12.68, a quick ratio of 0.98 and a current ratio of 0.69. The stock has a market capitalization of £160.95 million, a price-to-earnings ratio of -1.22, a P/E/G ratio of -0.37 and a beta of 1.34.

Insider Activity

In other news, insider Piers North sold 13,302 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total value of £8,779.32. Also, insider Darren Fisher sold 92,119 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of GBX 66, for a total value of £60,798.54. 1.42% of the stock is owned by corporate insiders.

About Reach

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.