Numis Securities Reiterates “Add” Rating for River and Mercantile Group (LON:RIV)

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River and Mercantile Group (LON:RIV)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities in a research report issued on Thursday, July 19th.

Separately, Canaccord Genuity decreased their price target on River and Mercantile Group from GBX 400 ($5.18) to GBX 365 ($4.72) and set a “buy” rating on the stock in a research note on Monday, April 23rd.

Shares of River and Mercantile Group traded down GBX 3 ($0.04), hitting GBX 302 ($3.91), during trading on Thursday, Marketbeat Ratings reports. 8,471 shares of the stock traded hands, compared to its average volume of 21,581. River and Mercantile Group has a twelve month low of GBX 255.75 ($3.31) and a twelve month high of GBX 397 ($5.14).

In related news, insider Chris Rutt purchased 3,578 shares of River and Mercantile Group stock in a transaction that occurred on Monday, July 9th. The stock was purchased at an average cost of GBX 279 ($3.61) per share, with a total value of £9,982.62 ($12,922.49). Also, insider Kevin Hayes purchased 33,323 shares of River and Mercantile Group stock in a transaction that occurred on Friday, June 15th. The shares were bought at an average cost of GBX 298 ($3.86) per share, with a total value of £99,302.54 ($128,546.98). Insiders purchased 85,840 shares of company stock valued at $24,145,229 in the last quarter.

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.

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