Credit Suisse Group AG Reaffirms Outperform Rating for RPC Group PLC (RPC)
RPC Group PLC (LON:RPC)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research report issued on Friday. They currently have a GBX 1,040 ($13.58) price target on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 5.16% from the company’s previous close.
RPC has been the subject of a number of other research reports. Berenberg Bank started coverage on shares of RPC Group PLC in a research report on Thursday, September 15th. They issued a “buy” rating and a GBX 1,050 ($13.71) target price for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of RPC Group PLC in a research report on Friday, September 30th. Deutsche Bank AG raised their target price on shares of RPC Group PLC from GBX 970 ($12.66) to GBX 1,000 ($13.05) and gave the stock a “buy” rating in a research report on Friday, September 30th. Jefferies Group raised their target price on shares of RPC Group PLC from GBX 1,000 ($13.05) to GBX 1,100 ($14.36) and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Finally, Panmure Gordon reaffirmed an “under review” rating on shares of RPC Group PLC in a research report on Monday, July 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 1,017.22 ($13.28).
RPC Group PLC (LON:RPC) traded down 0.35% on Friday, reaching GBX 989.00. 896,636 shares of the company’s stock traded hands. RPC Group PLC has a 52-week low of GBX 577.88 and a 52-week high of GBX 1,002.00. The company’s 50 day moving average is GBX 904.68 and its 200-day moving average is GBX 821.13. The stock’s market cap is GBX 1.86 billion.
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In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of RPC Group PLC stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of GBX 803 ($10.48), for a total transaction 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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