Reach (RCH) Price Target Lowered to GBX 71 at Barclays

Reach (LON:RCH) had its price target cut by Barclays from GBX 78 ($1.02) to GBX 71 ($0.93) in a research note published on Tuesday morning. They currently have an equal weight rating on the stock.

RCH has been the topic of a number of other reports. Peel Hunt reaffirmed a buy rating on shares of Reach in a research report on Monday, July 30th. Numis Securities reaffirmed a buy rating and set a GBX 208 ($2.72) target price on shares of Reach in a research report on Monday, October 8th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 77 ($1.01) target price on shares of Reach in a research report on Thursday, August 16th.

RCH opened at GBX 67.20 ($0.88) on Tuesday.

The business also recently announced a dividend, which was paid on Friday, September 28th. Stockholders of record on Thursday, September 6th were given a dividend of GBX 2.37 ($0.03) per share. This represents a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 6th.

Reach Company Profile

Reach plc produces and distributes content through newspapers and associated digital platforms in the United Kingdom, the Republic of Ireland, Continental Europe, and internationally. The company operates through four segments: Publishing, Printing, Specialist Digital, and Central. The Publishing segment offers content through paid-for and free newspapers and related multi-platform digital sites; holds events and exhibitions related to publishing activities; provides contract publishing for football clubs and other sport-related organizations; and offers marketing solutions and commercial partnerships.

Further Reading: Intrinsic Value and Stock Selection

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