Panmure Gordon Reiterates “Buy” Rating for JRP Group PLC (JRP)
JRP Group PLC (LON:JRP)‘s stock had its “buy” rating reissued by equities research analysts at Panmure Gordon in a research report issued on Wednesday. They presently have a GBX 207 ($2.70) target price on the stock. Panmure Gordon’s price objective suggests a potential upside of 48.92% from the company’s previous close.
Several other research firms have also recently weighed in on JRP. Shore Capital reiterated a “buy” rating on shares of JRP Group PLC in a report on Friday, June 24th. Numis Securities Ltd assumed coverage on shares of JRP Group PLC in a report on Wednesday, June 8th. They issued a “buy” rating and a GBX 200 ($2.61) price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 200 ($2.61) price target on shares of JRP Group PLC in a report on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 160 ($2.09) price target on shares of JRP Group PLC in a report on Thursday, June 16th. Finally, Barclays PLC upgraded shares of JRP Group PLC to an “overweight” rating and upped their price target for the company from GBX 119 ($1.55) to GBX 165 ($2.15) in a report on Friday, September 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 186.40 ($2.43).
Shares of JRP Group PLC (LON:JRP) opened at 133.60 on Wednesday. The firm has a 50-day moving average of GBX 110.50 and a 200 day moving average of GBX 123.64. The firm’s market capitalization is GBX 1.00 billion. JRP Group PLC has a 52-week low of GBX 84.26 and a 52-week high of GBX 172.50.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 22nd will be given a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, September 22nd.
About JRP Group PLC
JRP Group plc, formerly Just Retirement Group plc, is a United Kingdom-based financial services company. The Company provides retirement income products and services to individuals and corporate clients. Its segments include insurance, other and corporate activities. Its insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans and capped drawdown contracts, and invests the premiums received from these contracts in corporate bonds and lifetime mortgage advances.
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