River and Mercantile Group (LON:RIV) Shares Pass Below 50-Day Moving Average of $265.34

River and Mercantile Group PLC (LON:RIV) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $265.34 and traded as low as $259.00. River and Mercantile Group shares last traded at $262.00, with a volume of 84,478 shares trading hands.

A number of research analysts have weighed in on RIV shares. Canaccord Genuity reiterated a “buy” rating and issued a GBX 284 ($3.71) target price on shares of River and Mercantile Group in a research note on Monday, April 29th. Numis Securities raised shares of River and Mercantile Group to a “buy” rating in a research report on Thursday, May 16th.

The firm’s 50-day moving average price is GBX 265.04 and its 200-day moving average price is GBX 249.97. The company has a market cap of $223.60 million and a P/E ratio of 16.90.



In other news, insider Kevin Hayes sold 9,649 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 255 ($3.33), for a total value of £24,604.95 ($32,150.73). Also, insider Miriam Greenwood purchased 7,144 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of GBX 277 ($3.62) per share, for a total transaction of £19,788.88 ($25,857.68).

River and Mercantile Group Company Profile (LON:RIV)

River and Mercantile Group PLC is an asset management holding company. Through its subsidiaries, the firm engages in advisory, fiduciary management, derivative solutions, and equity solutions. The firm was formerly known as River and Mercantile Group Limited. River and Mercantile Group PLC is based in London, United Kingdom.

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