Reach (RCH)

Sector:

Media

Index:

FTSE 250

259.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 420.00p
  • 52 Week Low: 129.00p
  • Currency: UK Pounds
  • Shares Issued: 312.74m
  • Volume: 200,525
  • Market Cap: £810.00m
  • Beta: 1.22

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 259.00p
Change Today 1.00p
% Change 0.39 %
52 Week High 420.00p
52 Week Low 129.00p
Volume 200,525
Shares Issued 312.74m
Market Cap £810.00m
Beta 1.22

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.09% above the market average89.09% above the market average89.09% above the market average89.09% above the market average89.09% above the market average
96.15% above the sector average96.15% above the sector average96.15% above the sector average96.15% above the sector average96.15% above the sector average
Price Trend
89.42% above the market average89.42% above the market average89.42% above the market average89.42% above the market average89.42% above the market average
76.27% above the sector average76.27% above the sector average76.27% above the sector average76.27% above the sector average76.27% above the sector average
Income
18.29% below the market average18.29% below the market average18.29% below the market average18.29% below the market average18.29% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Growth
17.28% above the market average17.28% above the market average17.28% above the market average17.28% above the market average17.28% above the market average
40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average

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
12:17 571 @ 259.00p
12:17 238 @ 259.00p
12:17 906 @ 258.50p
12:17 1,706 @ 258.50p
12:11 306 @ 258.00p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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