Peel Hunt Reaffirms Buy Rating for Trinity Mirror plc (TNI)

Trinity Mirror plc (LON:TNI)‘s stock had its “buy” rating reiterated by Peel Hunt in a note issued to investors on Monday, July 31st. They presently have a GBX 190 ($2.47) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 92.41% from the stock’s previous close.

Several other research firms have also issued reports on TNI. Barclays PLC restated an “equal weight” rating and issued a GBX 120 ($1.56) price target on shares of Trinity Mirror plc in a research report on Wednesday, May 3rd. Numis Securities Ltd restated a “buy” rating and issued a GBX 210 ($2.73) price target on shares of Trinity Mirror plc in a research report on Friday, June 30th.

Shares of Trinity Mirror plc (LON TNI) opened at 98.75 on Monday. The firm’s market capitalization is GBX 271.27 million. Trinity Mirror plc has a 12 month low of GBX 74.61 and a 12 month high of GBX 124.00. The stock’s 50 day moving average price is GBX 99.53 and its 200-day moving average price is GBX 106.19.

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About Trinity Mirror plc

Trinity Mirror plc is a national and regional news publisher. The Company is engaged in producing and distributing content through newspapers and associated digital platforms. It operates through four segments: Publishing, which includes all of its newspapers and associated digital publishing; Printing, which provides printing services to the publishing segment and to third parties; Specialist Digital, which includes its digital recruitment classified business and its digital marketing services businesses, and Central, which includes revenue and costs not allocated to the operational divisions.

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