Reach (LON:RCH) PT Lowered to GBX 97 at Barclays

Reach (LON:RCH) had its price objective reduced by Barclays from GBX 170 ($2.24) to GBX 97 ($1.28) in a research report released on Tuesday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Peel Hunt restated a buy rating and issued a GBX 150 ($1.97) price objective on shares of Reach in a research report on Friday, November 29th. Peel Hunt upgraded shares of Reach to an add rating in a research report on Tuesday, March 3rd.

RCH stock opened at GBX 96.10 ($1.26) on Tuesday. Reach has a twelve month low of GBX 60.70 ($0.80) and a twelve month high of GBX 186.86 ($2.46). The company has a market cap of $287.60 million and a PE ratio of 3.05. The business’s 50-day simple moving average is GBX 141.47 and its 200 day simple moving average is GBX 118.14. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 6.87.

Reach (LON:RCH) last released its quarterly earnings data on Monday, February 24th. The company reported GBX 41.10 ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 39.60 ($0.52) by GBX 1.50 ($0.02).

The company also recently disclosed a dividend, which will be paid on Friday, June 5th. Investors of record on Thursday, May 7th will be given a GBX 4.05 ($0.05) dividend. The ex-dividend date is Thursday, May 7th. This represents a dividend yield of 2.25%. This is a boost from Reach’s previous dividend of $2.50. Reach’s dividend payout ratio is currently 0.22%.

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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