RPC Group PLC (RPC) Price Target Raised to GBX 1,180
RPC Group PLC (LON:RPC) had its target price boosted by research analysts at JPMorgan Chase & Co. from GBX 1,000 ($12.41) to GBX 1,180 ($14.64) in a research report issued to clients and investors on Thursday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 9.56% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 1,200 ($14.89) target price on shares of RPC Group PLC in a report on Wednesday. Numis Securities Ltd increased their target price on shares of RPC Group PLC from GBX 1,100 ($13.65) to GBX 1,200 ($14.89) and gave the stock an “add” rating in a report on Wednesday. Berenberg Bank increased their target price on shares of RPC Group PLC from GBX 1,050 ($13.03) to GBX 1,200 ($14.89) and gave the stock a “buy” rating in a report on Thursday. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 1,040 ($12.90) target price on shares of RPC Group PLC in a report on Friday, November 25th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 1,100 ($13.65) target price on shares of RPC Group PLC in a report on Friday, September 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,065 ($13.21).
RPC Group PLC (LON:RPC) opened at 1073.00 on Thursday. The stock’s market capitalization is GBX 2.01 billion. The stock’s 50 day moving average is GBX 960.38 and its 200 day moving average is GBX 874.33. RPC Group PLC has a 12-month low of GBX 646.50 and a 12-month high of GBX 1,097.00.
The business also recently disclosed a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, December 29th will be given a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, December 29th.
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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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