JRP Group PLC (JRP) Upgraded to Hold by Canaccord Genuity
JRP Group PLC (LON:JRP) was upgraded by stock analysts at Canaccord Genuity to a “hold” rating in a research note issued to investors on Friday. The firm presently has a GBX 145 ($1.89) price objective on the stock, down from their prior price objective of GBX 150 ($1.96). Canaccord Genuity’s price target would suggest a potential upside of 4.32% from the stock’s current price.
JRP has been the subject of several other research reports. Shore Capital reiterated a “buy” rating on shares of JRP Group PLC in a research note on Friday, June 24th. Panmure Gordon reiterated a “buy” rating and set a GBX 207 ($2.70) price objective on shares of JRP Group PLC in a research note on Wednesday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 160 ($2.09) price objective on shares of JRP Group PLC in a research note on Thursday, June 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 179.50 ($2.34).
Shares of JRP Group PLC (LON:JRP) traded down 2.66% on Friday, hitting GBX 135.30. 1,898,056 shares of the stock traded hands. The stock has a 50 day moving average of GBX 111.70 and a 200 day moving average of GBX 123.72. The company’s market cap is GBX 1.02 billion. JRP Group PLC has a one year low of GBX 84.26 and a one year high of GBX 172.50.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, September 22nd will be paid 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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