RPC Group PLC (RPC) Given Consensus Recommendation of “Buy” by Brokerages
Shares of RPC Group PLC (LON:RPC) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 1,175.71 ($15.72).
A number of brokerages have issued reports on RPC. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,140 ($15.24) target price on shares of RPC Group in a report on Tuesday, November 28th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,250 ($16.71) price target on shares of RPC Group in a research report on Thursday, November 30th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,250 ($16.71) price target on shares of RPC Group in a research report on Monday, November 6th. Berenberg Bank reiterated a “buy” rating on shares of RPC Group in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,180 ($15.78) price target on shares of RPC Group in a research report on Wednesday, November 29th.
Shares of RPC Group (LON RPC) traded up GBX 11.50 ($0.15) during trading on Monday, reaching GBX 881.50 ($11.79). 528,048 shares of the company’s stock were exchanged, compared to its average volume of 2,000,000. RPC Group has a 12 month low of GBX 714.50 ($9.55) and a 12 month high of GBX 1,032 ($13.80). The stock has a market capitalization of $3,560.00 and a PE ratio of 1,728.43.
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About RPC Group
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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