Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

96.10p
   
  • Change Today:
      2.15p
  • 52 Week High: 420.00
  • 52 Week Low: 86.70
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 3,050,452
  • Market Cap: £303.73m

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.

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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
Share Price 96.10p
Change Today 2.15p
% Change 2.29 %
52 Week High 420.00
52 Week Low 86.70
Volume 3,050,452
Shares Issued 316.06m
Market Cap £303.73m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
50.11% below the market average50.11% below the market average50.11% below the market average50.11% below the market average50.11% below the market average
59.26% below the sector average59.26% below the sector average59.26% below the sector average59.26% below the sector average59.26% below the sector average
Income
98.85% above the market average98.85% above the market average98.85% above the market average98.85% above the market average98.85% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
10.57% above the market average10.57% above the market average10.57% above the market average10.57% above the market average10.57% above the market average
24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 11-Aug-22 12-May-22
Paid 23-Sep-22 10-Jun-22
Amount 2.88p 4.46p

Trades for 12-Aug-2022

Time Volume / Share Price
16:35 177,578 @ 96.10p
16:29 101 @ 96.00p
16:29 589 @ 96.00p
16:29 524 @ 96.15p
16:29 680 @ 96.15p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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