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Reach plc ( (GB:RCH) ) has shared an update.
Reach plc reported a mixed performance in its Q3 trading update, with digital revenue growing by 2.1% despite challenges in direct revenue, while indirect revenue saw a 4.0% increase. Print revenue experienced a decline, but circulation remained stable. The company has restructured to focus on growth priorities, including video production and off-platform audience expansion, with a restructuring cost estimated at £20m. Despite volatility in digital referral volumes and a weak macroeconomic backdrop, Reach plc remains confident in meeting market expectations for the year, supported by resilient print performance and cost management.
The most recent analyst rating on (GB:RCH) stock is a Hold with a £0.75 price target. To see the full list of analyst forecasts on Reach plc stock, see the GB:RCH Stock Forecast page.
Spark’s Take on GB:RCH Stock
According to Spark, TipRanks’ AI Analyst, GB:RCH is a Neutral.
Reach plc’s overall stock score reflects a balance between its strong valuation and financial performance against technical challenges. The low P/E ratio and high dividend yield are significant positives, while declining revenue and bearish technical indicators present risks. The company’s solid balance sheet provides a stable foundation, but addressing revenue growth is crucial for future performance.
To see Spark’s full report on GB:RCH stock, click here.
More about Reach plc
Reach plc is the UK and Ireland’s largest commercial news publisher, connecting with audiences both online and offline through over 120 brands, including well-known names like the Mirror, Express, Daily Record, and Daily Star, as well as local titles such as MyLondon and BelfastLive. The company also has a growing presence in the US with brands like the Irish Star, reaching 70% of the UK online population and 10% of the US population each month.
Average Trading Volume: 1,459,970
Technical Sentiment Signal: Sell
Current Market Cap: £200.1M
Find detailed analytics on RCH stock on TipRanks’ Stock Analysis page.