Separately, Peel Hunt increased their price target on RM from GBX 242 ($3.16) to GBX 270 ($3.53) and gave the stock a buy rating in a report on Monday.
Shares of RM traded up GBX 4 ($0.05) during trading hours on Friday, hitting GBX 245 ($3.20). 22,404 shares of the stock traded hands, compared to its average volume of 54,873. RM has a 1-year low of GBX 153.50 ($2.01) and a 1-year high of GBX 218 ($2.85).
The business also recently declared a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 14th will be given a dividend of GBX 5.70 ($0.07) per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from RM’s previous dividend of $1.90. This represents a yield of 2.32%.
In related news, insider Neil Martin sold 71,584 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of GBX 238 ($3.11), for a total transaction of £170,369.92 ($222,618.48).
RM Company Profile
RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.
See Also: Current Ratio
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