JRP Group PLC (JRP) Upgraded by Barclays PLC to “Overweight”
Barclays PLC upgraded shares of JRP Group PLC (LON:JRP) to an overweight rating in a research report released on Friday. The brokerage currently has GBX 165 ($2.15) price objective on the stock, up from their prior price objective of GBX 119 ($1.55).
A number of other equities research analysts have also issued reports on the stock. Panmure Gordon reissued a buy rating and issued a GBX 207 ($2.70) price target on shares of JRP Group PLC in a report on Tuesday, July 5th. Shore Capital reissued a buy rating on shares of JRP Group PLC in a report on Friday, June 24th. Royal Bank Of Canada reissued an outperform rating and issued a GBX 200 ($2.61) price target on shares of JRP Group PLC in a report on Friday, September 23rd. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 200 ($2.61) target price on shares of JRP Group PLC in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of JRP Group PLC in a research report on Wednesday, August 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 186.40 ($2.43).
Shares of JRP Group PLC (LON:JRP) traded up 4.48% during midday trading on Friday, reaching GBX 140.00. 1,511,376 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 105.40 and a 200-day moving average of GBX 123.77. JRP Group PLC has a 12-month low of GBX 84.26 and a 12-month high of GBX 172.50. The stock’s market capitalization is GBX 1.05 billion.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, September 22nd. This represents a yield of 0.96%.
JRP Group PLC Company Profile
JRP Group plc, formerly Just Retirement Group plc, is a United Kingdom-based financial services company. The Company provides retirement income products and services to individuals and corporate clients. Its segments include insurance, other and corporate activities. Its insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans and capped drawdown contracts, and invests the premiums received from these contracts in corporate bonds and lifetime mortgage advances.
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