JRP Group PLC’s (JRP) “Buy” Rating Reiterated at Numis Securities Ltd
JRP Group PLC (LON:JRP)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 200 ($2.61) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 66.67% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Panmure Gordon restated a “buy” rating and issued a GBX 207 ($2.70) target price on shares of JRP Group PLC in a research note on Tuesday, July 5th. Shore Capital restated a “buy” rating on shares of JRP Group PLC in a research note on Friday, June 24th. Barclays PLC restated an “equal weight” rating and issued a GBX 119 ($1.55) target price on shares of JRP Group PLC in a research note on Friday, September 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 160 ($2.09) target price on shares of JRP Group PLC in a research note on Thursday, June 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 200 ($2.61) target price on shares of JRP Group PLC in a research note on Wednesday, September 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 177.20 ($2.31).
Shares of JRP Group PLC (LON:JRP) opened at 124.112 on Thursday. The company’s 50-day moving average is GBX 99.69 and its 200 day moving average is GBX 123.93. The stock’s market cap is GBX 932.08 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 business also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 22nd will be paid a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, September 22nd.
In related news, insider Melcher,Steve acquired 40,000 shares of JRP Group PLC stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average price of GBX 109 ($1.42) per share, for a total transaction of £43,600 ($56,911.63). Also, insider Cook,Rodney acquired 50,000 shares of JRP Group PLC stock in a transaction that occurred on Tuesday, June 28th. The stock was bought at an average price of GBX 99 ($1.29) per share, with a total value of £49,500 ($64,612.97).
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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