Jim Mullen Acquires 80,527 Shares of Reach plc (LON:RCH) Stock

Reach plc (LON:RCHGet Rating) insider Jim Mullen bought 80,527 shares of the business’s stock in a transaction on Friday, May 6th. The shares were purchased at an average cost of GBX 123 ($1.54) per share, with a total value of £99,048.21 ($123,732.93).

LON:RCH opened at GBX 119.50 ($1.49) on Friday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.13 and a quick ratio of 1.01. Reach plc has a one year low of GBX 119.50 ($1.49) and a one year high of GBX 430 ($5.37). The company has a fifty day moving average price of GBX 173.60 and a 200 day moving average price of GBX 238.91. The stock has a market cap of £376.50 million and a P/E ratio of 132.78.

The business also recently disclosed a dividend, which will be paid on Friday, June 10th. Stockholders of record on Thursday, May 12th will be issued a dividend of GBX 4.46 ($0.06) per share. This is an increase from Reach’s previous dividend of $2.75. The ex-dividend date of this dividend is Thursday, May 12th. This represents a dividend yield of 1.96%. Reach’s payout ratio is presently 7.79%.

Separately, Barclays lowered their target price on Reach from GBX 185 ($2.31) to GBX 135 ($1.69) and set an “equal weight” rating on the stock in a report on Friday.

Reach Company Profile (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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