Reach (LON:RCH) Stock Price Down 1.4% – Here’s What Happened

Shares of Reach plc (LON:RCH) dropped 1.4% during trading on Thursday . The stock traded as low as GBX 55.47 and last traded at GBX 55.90. Approximately 409,669 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,920,388 shares. The stock had previously closed at GBX 56.70.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 175 target price on shares of Reach in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 175.

Reach Trading Down 1.4%

The company has a 50 day moving average of GBX 52.96 and a 200-day moving average of GBX 58.78. The company has a debt-to-equity ratio of 12.68, a quick ratio of 0.98 and a current ratio of 0.69. The stock has a market cap of £176.42 million, a price-to-earnings ratio of -1.33, a price-to-earnings-growth ratio of -0.37 and a beta of 1.35.

Insider Activity

In other Reach news, insider Piers North sold 13,302 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of GBX 66, for a total transaction of £8,779.32. Also, insider Darren Fisher sold 92,119 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of GBX 66, for a total transaction of £60,798.54. Insiders own 1.42% of the company’s stock.

Reach Company Profile

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.