RPC Group PLC (RPC) Receives Buy Rating from Peel Hunt
RPC Group PLC (LON:RPC)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 1,135 ($14.66) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 20.74% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,250 ($16.14) target price on shares of RPC Group PLC in a report on Thursday, June 8th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,130 ($14.59) price objective on shares of RPC Group PLC in a research report on Wednesday, June 14th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,140 ($14.72) price objective on shares of RPC Group PLC in a research report on Friday, June 9th. Berenberg Bank reiterated a “buy” rating on shares of RPC Group PLC in a research report on Wednesday, September 6th. Finally, Credit Suisse Group increased their price objective on RPC Group PLC from GBX 1,175 ($15.17) to GBX 1,180 ($15.24) and gave the company an “outperform” rating in a research report on Monday, July 3rd. Eight equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,173.13 ($15.15).
RPC Group PLC (LON:RPC) traded down 0.16% during midday trading on Friday, reaching GBX 940.00. The company’s stock had a trading volume of 1,044,139 shares. RPC Group PLC has a 52 week low of GBX 714.82 and a 52 week high of GBX 1,032.19. The firm’s market capitalization is GBX 1.77 billion. The stock has a 50 day moving average of GBX 904.01 and a 200 day moving average of GBX 847.97.
In related news, insider Simon Kesterton sold 40,648 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of GBX 886 ($11.44), for a total value of £360,141.28 ($465,118.53).
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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