Jefferies Group Reaffirms Buy Rating for RPC Group PLC (RPC)
RPC Group PLC (LON:RPC)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a research note issued to investors on Monday. They currently have a GBX 1,100 ($13.74) price target on the stock. Jefferies Group’s price target would indicate a potential upside of 9.13% from the company’s previous close.
RPC has been the subject of a number of other reports. Panmure Gordon lifted their price objective on RPC Group PLC from GBX 1,156 ($14.44) to GBX 1,200 ($14.99) and gave the company a “buy” rating in a report on Thursday, September 29th. Berenberg Bank began coverage on RPC Group PLC in a report on Thursday, September 15th. They set a “buy” rating and a GBX 1,050 ($13.12) price objective for the company. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,040 ($12.99) price objective on shares of RPC Group PLC in a report on Friday. Deutsche Bank AG lifted their price objective on RPC Group PLC from GBX 970 ($12.12) to GBX 1,000 ($12.49) and gave the company a “buy” rating in a report on Friday, September 30th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of RPC Group PLC in a report on Friday, September 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,017.22 ($12.71).
Shares of RPC Group PLC (LON:RPC) opened at 1000.00 on Monday. The firm’s 50-day moving average is GBX 960.76 and its 200-day moving average is GBX 870.87. The stock’s market capitalization is GBX 1.88 billion. RPC Group PLC has a 1-year low of GBX 646.50 and a 1-year high of GBX 1,026.00.
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RPC Group PLC Company Profile
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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