JRP Group PLC (LON:JRP) Given Average Recommendation of “Buy” by Brokerages
JRP Group PLC (LON:JRP) has earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 183.40 ($2.39).
JRP has been the topic of a number of analyst reports. Barclays PLC upgraded shares of JRP Group PLC to an “overweight” rating and lifted their price objective for the company from GBX 119 ($1.55) to GBX 165 ($2.15) in a research note on Friday, September 30th. Panmure Gordon reiterated a “buy” rating and set a GBX 207 ($2.70) price objective on shares of JRP Group PLC in a research note on Tuesday, July 5th. Shore Capital reiterated a “buy” rating on shares of JRP Group PLC in a research note on Friday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research note on Friday, September 23rd. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research note on Thursday, September 22nd.
JRP Group PLC (LON:JRP) traded down 2.66% during mid-day trading on Friday, reaching GBX 135.30. 1,898,056 shares of the company traded hands. JRP Group PLC has a 52-week low of GBX 84.26 and a 52-week high of GBX 172.50. The firm’s 50-day moving average is GBX 111.70 and its 200 day moving average is GBX 123.72. The stock’s market capitalization is GBX 1.02 billion.
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The business also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, September 22nd.
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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