JRP Group PLC’s (JRP) Buy Rating Reaffirmed at Panmure Gordon
JRP Group PLC (LON:JRP)‘s stock had its “buy” rating restated by investment analysts at Panmure Gordon in a report released on Wednesday. They presently have a GBX 207 ($2.70) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 52.99% from the company’s current price.
A number of other brokerages also recently issued reports on JRP. Numis Securities Ltd reissued a “buy” rating and issued a GBX 200 ($2.61) price target on shares of JRP Group PLC in a report on Thursday, September 15th. Barclays PLC started coverage on shares of JRP Group PLC in a report on Monday, August 1st. They issued an “equal weight” rating and a GBX 119 ($1.55) price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 200 ($2.61) price target on shares of JRP Group PLC in a report on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of JRP Group PLC in a report on Wednesday, August 24th. Finally, Shore Capital reissued a “buy” rating on shares of JRP Group PLC in a report on Friday, June 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. JRP Group PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 179.50 ($2.34).
JRP Group PLC (LON:JRP) traded down 2.66% during midday trading on Wednesday, reaching GBX 135.30. 1,898,056 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 111.70 and a 200-day moving average of GBX 123.72. The stock’s market cap is GBX 1.02 billion. JRP Group PLC has a 12 month low of GBX 84.26 and a 12 month high of GBX 172.50.
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The business also recently announced 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 yield of 0.96%. The ex-dividend date of this dividend 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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