RPC Group PLC (RPC) Price Target Raised to GBX 1,000 at Deutsche Bank AG
RPC Group PLC (LON:RPC) had its price objective increased by Deutsche Bank AG from GBX 970 ($12.66) to GBX 1,000 ($13.05) in a report published on Friday morning. They currently have a buy rating on the stock.
Several other research firms have also issued reports on RPC. Panmure Gordon raised their price objective on RPC Group PLC from GBX 1,156 ($15.09) to GBX 1,200 ($15.66) and gave the company a buy rating in a research note on Thursday. Numis Securities Ltd reaffirmed an add rating and issued a GBX 1,100 ($14.36) price objective (up from GBX 950 ($12.40)) on shares of RPC Group PLC in a research note on Thursday. 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 note on Wednesday, September 28th. Jefferies Group raised their price objective on 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, Berenberg Bank began coverage on RPC Group PLC in a research note on Thursday, September 15th. They issued a buy rating and a GBX 1,050 ($13.71) price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 1,017.22 ($13.28).
Shares of RPC Group PLC (LON:RPC) traded up 1.04% during trading on Friday, reaching GBX 970.00. The company’s stock had a trading volume of 1,689,975 shares. The stock’s market cap is GBX 1.82 billion. The company has a 50 day moving average of GBX 890.22 and a 200-day moving average of GBX 812.64. RPC Group PLC has a 12-month low of GBX 577.88 and a 12-month high of GBX 1,000.00.
In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of GBX 803 ($10.48), for a total transaction 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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