RPC Group PLC’s (RPC) Buy Rating Reiterated at Jefferies Group
RPC Group PLC (LON:RPC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report issued on Tuesday. They presently have a GBX 1,100 ($13.74) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 16.28% from the stock’s previous close.
A number of other research firms have also recently commented on RPC. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,040 ($12.99) price objective on shares of RPC Group PLC in a research report on Friday, October 7th. Deutsche Bank AG upped their target price on shares of RPC Group PLC from GBX 970 ($12.12) to GBX 1,000 ($12.49) and gave the stock a “buy” rating in a research note on Friday, September 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of RPC Group PLC in a research note on Friday, September 30th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,100 ($13.74) target price (up from GBX 950 ($11.87)) on shares of RPC Group PLC in a research note on Thursday, September 29th. Finally, Panmure Gordon upped their target price on shares of RPC Group PLC from GBX 1,156 ($14.44) to GBX 1,200 ($14.99) and gave the stock a “buy” rating in a research note on Thursday, September 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. RPC Group PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 1,017.22 ($12.71).
RPC Group PLC (LON:RPC) opened at 946.00 on Tuesday. The stock’s 50 day moving average price is GBX 960.18 and its 200 day moving average price is GBX 865.80. The firm’s market capitalization is GBX 1.78 billion. RPC Group PLC has a 12 month low of GBX 629.32 and a 12 month high of GBX 1,002.00.
About RPC Group PLC
RPC Group Plc is a plastic products design and engineering company. The Company offers a range of consumer products and technical components for the packaging and non-packaging markets. The Company’s business is organized into two segments: Packaging and Non-packaging. The Packaging business serves the food, nonfood (including (general industrial, agrochemical and automotive), personal care (mass personal care, cosmetics and beauty), beverage and healthcare ((pharmaceuticals) markets.
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