RPC Group PLC (RPC) PT Raised to GBX 1,100 at Jefferies Group
RPC Group PLC (LON:RPC) had its target price hoisted by Jefferies Group from GBX 1,000 ($13.05) to GBX 1,100 ($14.36) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 21.01% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,025 ($13.38) target price on shares of RPC Group PLC in a research note on Tuesday, August 30th. Berenberg Bank started coverage on shares of RPC Group PLC in a research note on Thursday, September 15th. They set a “buy” rating and a GBX 1,050 ($13.71) target price on the stock. Numis Securities Ltd restated an “add” rating and set a GBX 848 ($11.07) target price on shares of RPC Group PLC in a research note on Tuesday, May 24th. Deutsche Bank AG lifted their target price on shares of RPC Group PLC from GBX 820 ($10.70) to GBX 870 ($11.36) and gave the company a “buy” rating in a research note on Friday, June 3rd. Finally, Panmure Gordon restated an “under review” rating on shares of RPC Group PLC in a research note on Monday, July 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. RPC Group PLC presently has an average rating of “Buy” and an average price target of GBX 989.56 ($12.92).
Shares of RPC Group PLC (LON:RPC) opened at 915.50 on Wednesday. RPC Group PLC has a 52-week low of GBX 577.41 and a 52-week high of GBX 915.50. The firm’s 50-day moving average is GBX 872.72 and its 200 day moving average is GBX 801.28. The stock’s market capitalization is GBX 1.72 billion.
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In other news, insider Kesterton,Simon sold 86,754 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of GBX 803 ($10.48), for a total value of £696,634.62 ($909,325.96).
About RPC Group PLC
RPC Group Plc is a United Kingdom-based plastic products design and engineering company. The Company offers a range of consumer products and technical components for packaging and non-packaging markets. The Company’s segments include injection moulding, thermoforming and blow moulding. The injection moulding segment consists of the Superfos, Bramlage-Wiko, UKIM and Ace clusters.
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