Reach (LON:RCH) Given New GBX 135 Price Target at Barclays

Reach (LON:RCHGet Rating) had its price target decreased by equities researchers at Barclays from GBX 185 ($2.31) to GBX 135 ($1.69) in a research report issued on Friday, MarketBeat reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 10.52% from the company’s current price.

Reach stock opened at GBX 122.15 ($1.53) on Friday. Reach has a one year low of GBX 120.10 ($1.50) and a one year high of GBX 430 ($5.37). The business’s fifty day moving average is GBX 175.70 and its 200 day moving average is GBX 240.43. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.13 and a quick ratio of 1.01. The stock has a market capitalization of £384.85 million and a PE ratio of 135.78.

In other news, insider Simon Fuller sold 42,005 shares of the stock in a transaction on Friday, March 11th. The stock was sold at an average price of GBX 178 ($2.22), for a total transaction of £74,768.90 ($93,402.75).

About Reach (Get Rating)

Reach plc, together with its subsidiaries, creates and distributes content through newspapers, magazines, and digital platforms in the United Kingdom, the Republic of Ireland, Continental Europe, and internationally. The company produces and distributes content through paid-for and free newspapers and magazines, as well as through multi-platform digital sites.

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