Reach (LON:RCH) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Reach (LON:RCH) in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 175 price objective on the stock.

Reach Trading Up 2.8%

Shares of LON:RCH opened at GBX 51.91 on Thursday. The stock has a 50 day moving average of GBX 62.10 and a 200 day moving average of GBX 60.04. The company has a market cap of £163.79 million, a PE ratio of -1.24, a price-to-earnings-growth ratio of -0.37 and a beta of 1.41. The company has a current ratio of 0.69, a quick ratio of 0.98 and a debt-to-equity ratio of 12.68. Reach has a 12-month low of GBX 49.25 and a 12-month high of GBX 81.

Reach (LON:RCH) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 26.80 earnings per share (EPS) for the quarter. Reach had a negative return on equity of 21.91% and a negative net margin of 25.52%. As a group, equities research analysts expect that Reach will post 27.2482394 EPS for the current year.

Insider Buying and Selling

In related news, insider Darren Fisher sold 92,119 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total transaction of £60,798.54. Also, insider Piers North sold 13,302 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of GBX 66, for a total value of £8,779.32. Insiders own 1.35% of the company’s stock.

About Reach

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.