RPC Group Receives “Overweight” Rating from JPMorgan Chase & Co. (RPC)
RPC Group (LON:RPC)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Tuesday, American Banking and Market News reports.
RPC Group (LON:RPC) traded down 1.32% during mid-day trading on Tuesday, hitting GBX 596.00. 1,000,478 shares of the company’s stock traded hands. RPC Group has a 52 week low of GBX 372.513 and a 52 week high of GBX 605.00. The stock has a 50-day moving average of GBX 545.6 and a 200-day moving average of GBX 481.7. The company’s market cap is £987.0 million.
The company also recently announced a dividend, which is scheduled for Friday, January 24th. Shareholders of record on Monday, December 23rd will be paid a dividend of GBX 4.50 ($0.07) per share. This represents a dividend yield of 0.9%. The ex-dividend date is Monday, December 23rd.
RPC has been the subject of a number of other recent research reports. Analysts at Panmure Gordon raised their price target on shares of RPC Group from GBX 584 ($9.58) to GBX 655 ($10.74) in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of RPC Group in a research note to investors on Thursday, November 28th. They now have a GBX 540 ($8.86) price target on the stock. Five investment analysts have rated the stock with a buy rating, RPC Group has a consensus rating of “Buy” and a consensus target price of GBX 340.20 ($5.58).
RPC Group Plc is a manufacturer and supplier of rigid plastic packaging. The Company develops and manufactures a range of products for a variety of customers, including many household names.
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