RM plc (RM) Insider Sells £51,374.40 in Stock

RM plc (LON:RM) insider David Brooks sold 30,580 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of GBX 168 ($2.18), for a total value of £51,374.40 ($66,694.02).

RM plc (LON RM) opened at 170.00 on Friday. The company’s market capitalization is GBX 138.25 million. The company’s 50-day moving average price is GBX 172.53 and its 200-day moving average price is GBX 174.34. RM plc has a 52 week low of GBX 120.00 and a 52 week high of GBX 196.00.

The company also recently disclosed a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 1.65 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 0.93%.

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RM has been the subject of a number of recent analyst reports. Peel Hunt dropped their price objective on RM plc from GBX 219 ($2.84) to GBX 199 ($2.58) and set a “buy” rating for the company in a research note on Friday, June 2nd. FinnCap reissued a “buy” rating and set a GBX 207 ($2.69) price target on shares of RM plc in a research note on Wednesday, July 5th. Finally, Numis Securities Ltd lowered RM plc to an “add” rating and set a GBX 200 ($2.60) price target for the company. in a research note on Friday, April 28th.

RM plc Company Profile

RM plc is engaged in supplying products, services and solutions to the United Kingdom and international education markets. The Company operates in three segments: RM Resources, RM Results and RM Education. The RM Resources segment consists of TTS Group Limited (TTS), which provides resources used in schools mainly through a direct marketing business model with goods supplied from centralized distribution centers.

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