RPC Group PLC (RPC) Receives Add Rating from Numis Securities Ltd
Numis Securities Ltd restated their add rating on shares of RPC Group PLC (LON:RPC) in a report issued on Thursday morning. The firm currently has a GBX 1,100 ($14.36) price objective on the stock, up from their prior price objective of GBX 950 ($12.40).
A number of other research analysts have also recently issued reports on the stock. Panmure Gordon reiterated a buy rating and issued a GBX 1,156 ($15.09) target price on shares of RPC Group PLC in a research note on Friday, August 5th. Credit Suisse Group AG lifted their target price on shares of 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 note on Wednesday. JPMorgan Chase & Co. lifted their target price 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 research note on Friday, July 8th. Jefferies Group lifted their target price on shares of RPC Group PLC from GBX 1,000 ($13.05) to GBX 1,100 ($14.36) and gave the company a buy rating in a research note on Wednesday, September 21st. Finally, Deutsche Bank AG lifted their target price on shares of RPC Group PLC from GBX 870 ($11.36) to GBX 970 ($12.66) and gave the company a buy rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 1,017.22 ($13.28).
Shares of RPC Group PLC (LON:RPC) opened at 959.8449 on Thursday. The stock’s 50 day moving average price is GBX 888.65 and its 200-day moving average price is GBX 811.18. RPC Group PLC has a 12 month low of GBX 577.41 and a 12 month high of GBX 1,000.00. The firm’s market capitalization is GBX 1.80 billion.
In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of RPC Group PLC stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of GBX 803 ($10.48), for a total transaction of £696,634.62 ($909,325.96).
About RPC Group PLC
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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