Peel Hunt Reaffirms “Buy” Rating for RM (RM)

Peel Hunt reiterated their buy rating on shares of RM (LON:RM) in a research note published on Tuesday. They currently have a GBX 242 ($3.16) price objective on the stock.

Shares of RM stock opened at GBX 244 ($3.19) on Tuesday. RM has a 52-week low of GBX 153.50 ($2.01) and a 52-week high of GBX 218 ($2.85).

The business also recently announced a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 14th will be issued a GBX 5.70 ($0.07) dividend. The ex-dividend date is Thursday, March 14th. This is a boost from RM’s previous dividend of $1.90. This represents a dividend yield of 2.32%.

In other news, insider Neil Martin sold 71,584 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of GBX 238 ($3.11), for a total value of £170,369.92 ($222,618.48).

About RM

RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.

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