River and Mercantile Group’s (RIV) “Buy” Rating Reiterated at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of River and Mercantile Group (LON:RIV) in a research report report published on Tuesday morning. The brokerage currently has a GBX 353 ($4.60) price target on the stock.

Separately, Numis Securities reaffirmed an add rating on shares of River and Mercantile Group in a research report on Monday.

Shares of RIV stock opened at GBX 322 ($4.19) on Tuesday. River and Mercantile Group has a fifty-two week low of GBX 255.75 ($3.33) and a fifty-two week high of GBX 397 ($5.17).

The company also recently announced a dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 22nd will be given a GBX 5.50 ($0.07) dividend. This represents a yield of 1.76%. The ex-dividend date of this dividend is Thursday, November 22nd.

In related news, insider Chris Rutt purchased 3,578 shares of the firm’s stock in a transaction dated Monday, July 9th. The stock was bought at an average price of GBX 279 ($3.63) per share, for a total transaction of £9,982.62 ($13,003.28). Also, insider Kevin Hayes purchased 18,939 shares of the firm’s stock in a transaction dated Friday, July 6th. The shares were bought at an average price of GBX 267 ($3.48) per share, with a total value of £50,567.13 ($65,868.35).

River and Mercantile Group Company Profile

River and Mercantile Group PLC is an asset management holding company. Through its subsidiaries, the firm engages in advisory, fiduciary management, derivative solutions, and equity solutions. The firm was formerly known as River and Mercantile Group Limited. River and Mercantile Group PLC is based in London, United Kingdom.

Further Reading: How to Invest in the Dividend Aristocrat Index

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