RCS Capital Corp Price Target Raised to $27.00 at Barclays (RCAP)
Research analysts at Barclays increased their price objective on shares of RCS Capital Corp (NASDAQ:RCAP) from $25.00 to $27.00 in a report released on Wednesday. Barclays’ price objective would indicate a potential upside of 21.62% from the company’s current price.
In other RCS Capital Corp news, Insider Edward M. Jr. Weil acquired 2,457 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of $20.61 per share, with a total value of $50,638.77. The purchase was disclosed in a document filed with the SEC, which is available at this link.
RCS Capital Corp (NASDAQ:RCAP) opened at 22.20 on Wednesday. RCS Capital Corp has a one year low of $14.86 and a one year high of $39.98. The stock’s 50-day moving average is $24.84 and its 200-day moving average is $26.11. The company has a market cap of $1.115 billion and a price-to-earnings ratio of 20.32.
RCS Capital Corp (NASDAQ:RCAP) last announced its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.22. On average, analysts predict that RCS Capital Corp will post $1.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, June 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities cut their price target on shares of RCS Capital Corp from $37.00 to $31.00 in a research note on Friday, June 6th.
RCS Capital Corporation is a holding company. The Company is engaged in the business of wholesale broker-dealer, investment banking and capital markets business, a transaction management services provider and a transfer agent.
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