RPC Group PLC (RPC) Receives Overweight Rating from J P Morgan Chase & Co
RPC Group PLC (LON:RPC)‘s stock had its “overweight” rating reissued by stock analysts at J P Morgan Chase & Co in a report released on Friday. They currently have a GBX 1,250 ($15.81) target price on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 61.60% from the stock’s previous close.
Other analysts have also issued research reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,140 ($14.42) target price on shares of RPC Group PLC in a research note on Friday, March 31st. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,200 ($15.18) target price on shares of RPC Group PLC in a research note on Thursday, March 30th. Jefferies Group LLC cut their target price on RPC Group PLC from GBX 1,220 ($15.43) to GBX 1,150 ($14.55) and set a “buy” rating for the company in a research note on Thursday, March 9th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,135 ($14.36) target price on shares of RPC Group PLC in a research note on Thursday, March 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,175 ($14.86) target price on shares of RPC Group PLC in a research note on Tuesday, June 6th. Eight investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 1,172.50 ($14.83).
Shares of RPC Group PLC (LON RPC) traded down 0.32% on Friday, reaching GBX 773.50. 2,969,277 shares of the company were exchanged. The firm’s market capitalization is GBX 1.45 billion. RPC Group PLC has a 12-month low of GBX 707.00 and a 12-month high of GBX 1,106.00. The stock’s 50-day moving average is GBX 825.25 and its 200 day moving average is GBX 928.68.
The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be given a GBX 17.90 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 2.27%. This is an increase from RPC Group PLC’s previous dividend of $6.50.
In related news, insider Petrus R. M. Vervaat acquired 10,000 shares of the stock in a transaction on Monday, June 12th. The stock was purchased at an average price of GBX 773 ($9.78) per share, for a total transaction of £77,300 ($97,786.21). Also, insider Lynn Drummond acquired 1,215 shares of the stock in a transaction on Wednesday, June 7th. The stock was bought at an average price of GBX 823 ($10.41) per share, with a total value of £9,999.45 ($12,649.53). Insiders acquired 21,205 shares of company stock valued at $16,679,975 in the last quarter.
RPC Group PLC Company Profile
RPC Group Plc is a plastic products design and engineering company. The Company offers a range of consumer products and technical components for the packaging and non-packaging markets. The Company’s business is organized into two segments: Packaging and Non-packaging. The Packaging business serves the food, nonfood (including (general industrial, agrochemical and automotive), personal care (mass personal care, cosmetics and beauty), beverage and healthcare ((pharmaceuticals) markets.
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