RPC Group PLC (RPC) Receives Average Recommendation of “Buy” from Brokerages
Shares of RPC Group PLC (LON:RPC) have earned an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,173.13 ($15.47).
Several research firms have recently issued reports on RPC. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,250 ($16.49) target price on shares of RPC Group PLC in a report on Thursday, July 20th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,130 ($14.91) target price on shares of RPC Group PLC in a report on Wednesday, July 19th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,135 ($14.97) target price on shares of RPC Group PLC in a report on Friday, July 7th. Credit Suisse Group upped their target price on RPC Group PLC from GBX 1,175 ($15.50) to GBX 1,180 ($15.57) and gave the company an “outperform” rating in a report on Monday, July 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,140 ($15.04) target price on shares of RPC Group PLC in a report on Friday, June 9th.
Shares of RPC Group PLC (RPC) traded up 0.22% on Friday, hitting GBX 900.00. The stock had a trading volume of 961,056 shares. RPC Group PLC has a 52 week low of GBX 714.50 and a 52 week high of GBX 1,032.19. The company’s market capitalization is GBX 1.69 billion. The company has a 50-day moving average of GBX 806.30 and a 200 day moving average of GBX 869.28.
The company also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 17.90 ($0.24) per share. This represents a yield of 2.27%. This is a positive change from RPC Group PLC’s previous dividend of $6.50. The ex-dividend date is Thursday, August 10th.
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In other news, insider Martin Towers acquired 6,990 shares of RPC Group PLC stock in a transaction on Thursday, June 8th. The stock was acquired at an average cost of GBX 797 ($10.51) per share, with a total value of £55,710.30 ($73,486.74). Also, insider Petrus R. M. Vervaat acquired 10,000 shares of RPC Group PLC stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of GBX 773 ($10.20) per share, with a total value of £77,300 ($101,965.44). Over the last three months, insiders have acquired 21,205 shares of company stock valued at $16,679,975.
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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