RPC Group PLC (RPC) Rating Reiterated by J P Morgan Chase & Co
RPC Group PLC (LON:RPC)‘s stock had its “overweight” rating reiterated by analysts at J P Morgan Chase & Co in a research note issued on Thursday. They presently have a GBX 1,250 ($16.32) price objective on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 40.85% from the company’s current price.
Several other research firms have also recently commented on RPC. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,140 ($14.89) target price on shares of RPC Group PLC in a research note on Friday, June 9th. Credit Suisse Group raised their target price on RPC Group PLC from GBX 1,175 ($15.34) to GBX 1,180 ($15.41) and gave the stock an “outperform” rating in a research note on Monday, July 3rd. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,200 ($15.67) target price on shares of RPC Group PLC in a research note on Thursday, March 30th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,135 ($14.82) target price on shares of RPC Group PLC in a research note on Tuesday, June 13th. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of GBX 1,173.13 ($15.32).
RPC Group PLC (RPC) traded down 0.39% during trading on Thursday, hitting GBX 887.50. The stock had a trading volume of 2,293,546 shares. The company’s market cap is GBX 1.67 billion. The company has a 50-day moving average of GBX 791.29 and a 200 day moving average of GBX 881.74. RPC Group PLC has a 52 week low of GBX 714.50 and a 52 week high of GBX 1,032.19.
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In other news, insider Lynn Drummond acquired 1,215 shares of RPC Group PLC stock in a transaction on Wednesday, June 7th. The stock was purchased at an average price of GBX 823 ($10.75) per share, with a total value of £9,999.45 ($13,057.52). Also, insider Martin Towers acquired 6,990 shares of RPC Group PLC stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of GBX 797 ($10.41) per share, with a total value of £55,710.30 ($72,747.85). Insiders acquired 21,205 shares of company stock valued at $16,679,975 in the last three months.
About RPC Group PLC
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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