Reach (LON:RCH) Rating Lowered to Hold at Peel Hunt

Peel Hunt lowered shares of Reach (LON:RCH) to a hold rating in a research report report published on Monday morning, Stock Target Advisor reports.

Separately, Peel Hunt restated a buy rating and set a GBX 150 ($1.97) price target on shares of Reach in a research note on Friday, November 29th.

LON:RCH opened at GBX 129 ($1.70) on Monday. Reach has a twelve month low of GBX 54 ($0.71) and a twelve month high of GBX 150.77 ($1.98). The company has a market cap of $386.06 million and a price-to-earnings ratio of 9.63. The stock has a fifty day simple moving average of GBX 129.48 and a 200-day simple moving average of GBX 100.71. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 6.87.

In other news, insider Jim Mullen purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of GBX 100 ($1.32) per share, for a total transaction of £100,000 ($131,544.33). Also, insider Anne Bulford purchased 11,463 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of GBX 130 ($1.71) per share, for a total transaction of £14,901.90 ($19,602.60).

About Reach

Reach plc produces and distributes content through newspapers, magazines, 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.

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