JRP Group PLC (JRP) Rating Reiterated by Numis Securities Ltd
JRP Group PLC (LON:JRP)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report issued on Thursday. They currently have a GBX 200 ($2.61) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 66.67% from the stock’s previous close.
JRP has been the subject of several other reports. Barclays PLC reiterated an “equal weight” rating and issued a GBX 119 ($1.55) price objective on shares of JRP Group PLC in a research report on Friday, September 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 160 ($2.09) price objective on shares of JRP Group PLC in a research report on Thursday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research report on Wednesday, September 14th. Shore Capital reiterated a “buy” rating on shares of JRP Group PLC in a research report on Friday, June 24th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 207 ($2.70) price objective on shares of JRP Group PLC in a research report on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. JRP Group PLC has a consensus rating of “Buy” and an average price target of GBX 177.20 ($2.31).
Shares of JRP Group PLC (LON:JRP) opened at 125.24 on Thursday. The stock has a 50 day moving average of GBX 99.69 and a 200 day moving average of GBX 123.93. The firm’s market cap is GBX 940.55 million. JRP Group PLC has a 52 week low of GBX 84.26 and a 52 week high of GBX 185.50.
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The company also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, September 22nd will be given a dividend of GBX 1.10 ($0.01) per share. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, September 22nd.
In other news, insider Cook,Rodney purchased 50,000 shares of JRP Group PLC stock in a transaction on Tuesday, June 28th. The stock was purchased at an average price of GBX 99 ($1.29) per share, with a total value of £49,500 ($64,612.97). Also, insider Melcher,Steve purchased 40,000 shares of JRP Group PLC stock in a transaction on Thursday, June 30th. The shares were purchased at an average cost of GBX 109 ($1.42) per share, with a total value of £43,600 ($56,911.63).
About JRP Group PLC
JRP Group plc, formerly Just Retirement Group plc, is a United Kingdom-based financial services company. The Company provides retirement income products and services to individuals and corporate clients. Its segments include insurance, other and corporate activities. Its insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans and capped drawdown contracts, and invests the premiums received from these contracts in corporate bonds and lifetime mortgage advances.
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