JRP Group PLC’s (JRP) Neutral Rating Reiterated at JPMorgan Chase & Co.
JRP Group PLC (LON:JRP)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Tuesday. They presently have a GBX 160 ($1.98) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 15.94% from the stock’s previous close.
Several other equities research analysts have also issued reports on JRP. Shore Capital reissued a “buy” rating on shares of JRP Group PLC in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a GBX 200 ($2.47) price objective on shares of JRP Group PLC in a research note on Friday. Barclays PLC reissued an “overweight” rating and set a GBX 177 ($2.19) price objective on shares of JRP Group PLC in a research note on Monday, March 13th. Panmure Gordon reissued a “buy” rating and set a GBX 207 ($2.56) price objective on shares of JRP Group PLC in a research note on Friday, March 10th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 200 ($2.47) price objective on shares of JRP Group PLC in a research note on Friday, March 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 177.57 ($2.19).
Shares of JRP Group PLC (LON:JRP) opened at 138.00 on Tuesday. JRP Group PLC has a 52 week low of GBX 84.26 and a 52 week high of GBX 161.40. The firm’s market cap is GBX 1.01 billion. The stock has a 50 day moving average price of GBX 150.11 and a 200 day moving average price of GBX 135.97.
The firm also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 4th will be paid a dividend of GBX 2.40 ($0.03) per share. This is a positive change from JRP Group PLC’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 1.6%.
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In related news, insider Simon Thomas sold 100,000 shares of JRP Group PLC stock in a transaction on Friday, March 10th. The stock was sold at an average price of GBX 153 ($1.89), for a total transaction of £153,000 ($188,958.87). Also, insider Rodney Cook sold 199,022 shares of JRP Group PLC stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of GBX 146 ($1.80), for a total value of £290,572.12 ($358,863.92).
JRP Group PLC Company Profile
JRP Group plc, formerly Just Retirement Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The 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 drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments.
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