RPC Group PLC (RPC) Earns Buy Rating from Berenberg Bank
Several other research firms have also recently issued reports on RPC. Deutsche Bank AG reiterated a buy rating and set a GBX 1,140 ($14.72) target price on shares of RPC Group PLC in a research report on Friday, June 9th. Credit Suisse Group boosted their target price on RPC Group PLC from GBX 1,175 ($15.17) to GBX 1,180 ($15.24) and gave the stock an outperform rating in a research report on Monday, July 3rd. Peel Hunt reiterated a buy rating and set a GBX 1,135 ($14.66) target price on shares of RPC Group PLC in a research report on Tuesday, June 13th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,250 ($16.14) target price on shares of RPC Group PLC in a research report on Thursday, June 8th. Finally, Numis Securities Ltd reiterated a buy rating and set a GBX 1,130 ($14.59) target price on shares of RPC Group PLC in a research report on Wednesday, July 19th. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average price target of GBX 1,173.13 ($15.15).
Shares of RPC Group PLC (RPC) opened at 926.50 on Wednesday. The firm has a 50-day moving average price of GBX 897.54 and a 200 day moving average price of GBX 847.10. RPC Group PLC has a one year low of GBX 714.82 and a one year high of GBX 1,032.19. The firm’s market capitalization is GBX 1.74 billion.
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In related news, insider Simon Kesterton sold 40,648 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of GBX 886 ($11.44), for a total value of £360,141.28 ($465,118.53). Also, insider Petrus R. M. Vervaat purchased 10,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of GBX 773 ($9.98) per share, for a total transaction of £77,300 ($99,832.11).
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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