Reach PLC 11.6% potential upside indicated by Barclays

Reach PLC with ticker (LON:RCH) now has a potential upside of 11.6% according to Barclays.



Barclays set a target price of 135 GBX for the company, which when compared to the Reach PLC share price of 119 GBX at opening today (09/05/2022) indicates a potential upside of 11.6%. Trading has ranged between 114 (52 week low) and 430 (52 week high) with an average of 1,493,276 shares exchanging hands daily. The market capitalisation at the time of writing is £380,610,551.

Reach plc is a national and regional news publisher in the United Kingdom that produces and distributes content to audiences across the United Kingdom and Ireland, through paid-for and free newspapers and magazines, and across the World through multi-platform digital sites, including desktop, mobile and application. The Company’s products and services include Print Formats A4 magazine, Berliner, broadsheet, compact magazine, marketing communications, maxi magazine and tabloid. The Company’s brands include the Daily Mirror, Sunday Mirror, Daily Express, Sunday Express, Daily Star, Sunday Star, Sunday People, Daily Record and Sunday Mail. Its regional footprint includes the Manchester Evening News, Liverpool Echo, Birmingham Mail and Bristol Post. In Ireland, the Company is a publisher of national and regional news brands with a portfolio that includes the Irish Daily Star, Northern Irish and Irish editions of the Daily and Sunday Mirror newspapers, the Sunday People newspaper.