RPC Group PLC (RPC) Given Average Rating of “Buy” by Brokerages
RPC Group PLC (LON:RPC) has earned an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,169.29 ($15.54).
Several equities research analysts recently weighed in on RPC shares. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,180 ($15.68) price objective on shares of RPC Group PLC in a research report on Tuesday, September 12th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,130 ($15.01) target price on shares of RPC Group PLC in a report on Thursday, September 28th. Peel Hunt reissued a “buy” rating and issued a GBX 1,135 ($15.08) target price on shares of RPC Group PLC in a report on Friday, July 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,250 ($16.61) target price on shares of RPC Group PLC in a report on Thursday, July 20th. Finally, Berenberg Bank reissued a “buy” rating on shares of RPC Group PLC in a report on Wednesday, September 6th.
In related news, insider Simon Kesterton sold 40,648 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of GBX 886 ($11.77), for a total value of £360,141.28 ($478,529.47).
Shares of RPC Group PLC (RPC) traded up 2.47% during trading on Wednesday, reaching GBX 956.00. 1,436,710 shares of the company traded hands. The company has a 50-day moving average of GBX 944.27 and a 200-day moving average of GBX 856.67. RPC Group PLC has a 12 month low of GBX 714.82 and a 12 month high of GBX 1,032.19. The stock’s market capitalization is GBX 1.80 billion.
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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