Panmure Gordon Reiterates Buy Rating for RPC Group plc (RPC)
RPC Group plc (LON:RPC)‘s stock had its “buy” rating restated by investment analysts at Panmure Gordon in a note issued to investors on Thursday. They currently have a GBX 787 ($13.47) target price on the stock. Panmure Gordon’s price target indicates a potential upside of 32.60% from the company’s current price.
RPC Group plc (LON:RPC) traded down 2.27% during mid-day trading on Thursday, hitting GBX 580.00. 116,415 shares of the company’s stock traded hands. RPC Group plc has a 52 week low of GBX 424.815 and a 52 week high of GBX 672.90. The stock’s 50-day moving average is GBX 624.0 and its 200-day moving average is GBX 615.4. The company’s market cap is £962.9 million.
The company also recently declared a dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 6th will be given a dividend of GBX 11 ($0.19) per share. This represents a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 6th.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of RPC Group plc in a research note on Thursday. They now have a GBX 705 ($12.07) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of RPC Group plc in a research note on Tuesday. They now have a GBX 700 ($11.98) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of RPC Group plc in a research note on Friday, July 4th. They now have a GBX 700 ($11.98) price target on the stock. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of GBX 521.86 ($8.93).
RPC Group Plc is engaged in manufacture and sale of rigid plastic packaging and associated equipment.
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