RPC Group (LON:RPC) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a note issued to investors on Monday. They presently have a GBX 782 ($10.22) price target on the stock, down from their prior price target of GBX 1,230 ($16.07). Peel Hunt’s price target points to a potential downside of 1.59% from the company’s previous close.
A number of other research firms also recently issued reports on RPC. Panmure Gordon downgraded RPC Group to a “hold” rating and dropped their price target for the stock from GBX 1,000 ($13.07) to GBX 782 ($10.22) in a research note on Thursday, January 24th. JPMorgan Chase & Co. dropped their price target on RPC Group from GBX 1,120 ($14.63) to GBX 1,000 ($13.07) and set an “overweight” rating on the stock in a research note on Thursday, November 29th. Finally, Numis Securities restated a “buy” rating and issued a GBX 1,130 ($14.77) price target on shares of RPC Group in a research note on Monday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. RPC Group has an average rating of “Buy” and an average target price of GBX 948.80 ($12.40).
Shares of RPC opened at GBX 794.60 ($10.38) on Monday. RPC Group has a 12 month low of GBX 714.50 ($9.34) and a 12 month high of GBX 1,032 ($13.48).
About RPC Group
RPC Group Plc operates as a plastic product design and engineering company worldwide. It operates through two segments, Packaging and Non-Packaging. The Packaging segment designs plastic packaging for end markets, including the food, beverage, personal care, and healthcare markets; and designs and manufactures other plastic products, such as containers for surface coatings comprising paint pots and vaping accessories.
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