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Prices & Quotes - UK Markets - Reach (RCH)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 261.00p
Change Today:
3.00p
Market Cap:
816.26m
Sector:
Media

Liberum says Reach at an inflection point, starts at 'buy'

By Michele Maatouk

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Liberum initiated coverage of newspaper and magazine publisher Reach on Tuesday with a 'buy' rating and 475p price target as it said the shares have done well in recent months, but are at the start of the next growth phase.
"We believe that Reach can attain an inflection point at which growth in digital begins to offset declines in print faster than the market is currently anticipating," the broker said.

"Print advertising is structurally declining but is profitable and cash generative and, considering that the cohort of customers who purchase newspapers have circa 10-15+ years before they are essentially underrepresented, there are sufficient cash flows to fund investment into growing digital."

"Liberum also noted that circulations are resilient given the habitual nature of buying newspapers and are "relatively inelastic in essence".

The broker sees low/mid-single-digit declines moving forward.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reach Market Data

Currency UK Pounds
Price 261.00p
Change Today 3.00p
52 Week High 420.00p
52 Week Low 129.00p
Volume 493,752
Shares Issued 312.74m
Market Cap 816.26m
Beta 1.22

Performance Indicators

Compare performance with the sector and the market.

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Income
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Dividend Yield
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Operating Margin
Not Available

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reach Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Aug-21 13-May-21
Paid 24-Sep-21 04-Jun-21
Amount 2.75p 4.26p

Trades for 01-Dec-2021

Time Volume / Share Price
15:48 10,000 @ 261.50p
15:47 10,000 @ 260.50p
15:45 342 @ 261.00p
15:45 798 @ 261.00p
15:45 618 @ 261.00p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen