RPC Group PLC (RPC) Earns “Buy” Rating from Jefferies Group
RPC Group PLC (LON:RPC)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a report issued on Friday. They presently have a GBX 1,100 ($14.36) price target on the stock. Jefferies Group’s price objective points to a potential upside of 14.76% from the company’s previous close.
Several other research firms have also recently weighed in on RPC. JPMorgan Chase & Co. lifted their price target on shares of RPC Group PLC from GBX 978 ($12.77) to GBX 1,004 ($13.11) and gave the company an “overweight” rating in a report on Friday, July 8th. Credit Suisse Group AG raised their price objective on RPC Group PLC from GBX 1,025 ($13.38) to GBX 1,040 ($13.58) and gave the company an “outperform” rating in a research report on Wednesday. Numis Securities Ltd reissued an “add” rating and set a GBX 1,100 ($14.36) price objective on shares of RPC Group PLC in a research report on Thursday. Panmure Gordon reissued an “under review” rating on shares of RPC Group PLC in a research report on Monday, July 11th. Finally, Deutsche Bank AG raised their price objective on RPC Group PLC from GBX 820 ($10.70) to GBX 870 ($11.36) and gave the company a “buy” rating in a research report on Friday, June 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,017.22 ($13.28).
RPC Group PLC (LON:RPC) opened at 958.50 on Friday. The stock’s market cap is GBX 1.80 billion. RPC Group PLC has a 1-year low of GBX 577.41 and a 1-year high of GBX 1,000.00. The company has a 50-day moving average price of GBX 888.65 and a 200 day moving average price of GBX 811.18.
In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of the business’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of GBX 803 ($10.48), for a total value of £696,634.62 ($909,325.96).
RPC Group PLC Company Profile
RPC Group Plc is a United Kingdom-based plastic products design and engineering company. The Company offers a range of consumer products and technical components for packaging and non-packaging markets. The Company’s segments include injection moulding, thermoforming and blow moulding. The injection moulding segment consists of the Superfos, Bramlage-Wiko, UKIM and Ace clusters.
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