Peel Hunt Reiterates Add Rating for Reach (LON:RCH)

Peel Hunt restated their add rating on shares of Reach (LON:RCH) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Barclays cut their target price on Reach from GBX 170 ($2.09) to GBX 97 ($1.19) and set an equal weight rating on the stock in a research report on Tuesday, March 24th.

Reach stock opened at GBX 75.50 ($0.93) on Tuesday. The business has a fifty day moving average of GBX 81.51 and a two-hundred day moving average of GBX 109.79. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 6.87. The firm has a market cap of $223.55 million and a P/E ratio of 2.39. Reach has a twelve month low of GBX 67 ($0.82) and a twelve month high of GBX 186.86 ($2.30).

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.

Further Reading: Return On Assets

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