Canaccord Genuity Raises River and Mercantile Group PLC (RIV) Price Target to GBX 385

River and Mercantile Group PLC (LON:RIV) had its target price hoisted by Canaccord Genuity from GBX 355 ($4.68) to GBX 385 ($5.08) in a report released on Monday morning. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on RIV. N+1 Singer restated a buy rating and set a GBX 400 ($5.28) target price on shares of River and Mercantile Group PLC in a research note on Monday, September 25th. Numis Securities Ltd restated a hold rating and set a GBX 335 ($4.42) target price on shares of River and Mercantile Group PLC in a research note on Monday, September 25th.

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The firm also recently announced a dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 23rd will be paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 1.92%. The ex-dividend date is Thursday, November 23rd.

In other River and Mercantile Group PLC news, insider Jonathan Dawson bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of GBX 330 ($4.35) per share, for a total transaction of £99,000 ($130,641.33). Also, insider Robin Minter-Kemp bought 4,731 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were acquired at an average price of GBX 316 ($4.17) per share, with a total value of £14,949.96 ($19,728.11). In the last 90 days, insiders have purchased 40,994 shares of company stock valued at $13,380,367.

About River and Mercantile Group PLC

River and Mercantile Group PLC is engaged in advisory and asset management business with a range of services, from consulting and advisory to fiduciary and fund management. The Company’s segments include Fiduciary Management Division, Derivative Solutions Division, Equity Solutions Division and Advisory Division.

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