RM (LON:RM) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of RM (LON:RM) in a research note issued to investors on Tuesday, February 5th. Peel Hunt currently has a GBX 242 ($3.16) target price on the stock.

RM stock remained flat at $GBX 240 ($3.14) during midday trading on Tuesday. The company’s stock had a trading volume of 1,021,265 shares, compared to its average volume of 54,873. RM has a one year low of GBX 153.50 ($2.01) and a one year high of GBX 218 ($2.85).

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

In other news, insider Neil Martin sold 71,584 shares of RM stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of GBX 238 ($3.11), for a total transaction 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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