Insider Selling: RPC Group PLC (RPC) Insider Sells 40,648 Shares of Stock
RPC Group PLC (LON:RPC) insider Simon Kesterton sold 40,648 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of GBX 886 ($11.54), for a total value of £360,141.28 ($469,178.32).
RPC Group PLC (LON RPC) traded down 0.11% during midday trading on Monday, hitting GBX 886.50. The stock had a trading volume of 1,899,010 shares. RPC Group PLC has a 1-year low of GBX 714.50 and a 1-year high of GBX 1,032.19. The firm has a 50-day moving average price of GBX 791.29 and a 200-day moving average price of GBX 881.74. The firm’s market capitalization is GBX 1.66 billion.
The firm also recently announced a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 17.90 ($0.23) per share. This is an increase from RPC Group PLC’s previous dividend of $6.50. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, August 10th.
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Several equities research analysts have recently weighed in on RPC shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,140 ($14.85) price objective on shares of RPC Group PLC in a research report on Friday, June 9th. Credit Suisse Group increased their price objective on RPC Group PLC from GBX 1,175 ($15.31) to GBX 1,180 ($15.37) and gave the company an “outperform” rating in a research report on Monday, July 3rd. Numis Securities Ltd reissued a “buy” rating and issued a GBX 1,200 ($15.63) price objective on shares of RPC Group PLC in a research report on Thursday, March 30th. Peel Hunt reissued a “buy” rating and issued a GBX 1,135 ($14.79) price objective on shares of RPC Group PLC in a research report on Tuesday, June 13th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,250 ($16.28) price objective on shares of RPC Group PLC in a research report on Thursday, June 8th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,173.13 ($15.28).
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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