Jefferies Group Reiterates Buy Rating for RPC Group PLC (RPC)
RPC Group PLC (LON:RPC)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a research note issued to investors on Monday. They currently have a GBX 1,100 ($13.65) target price on the stock. Jefferies Group’s price objective points to a potential upside of 9.78% from the stock’s current price.
A number of other analysts have also recently commented on RPC. Panmure Gordon restated a “buy” rating and issued a GBX 1,156 ($14.34) price objective on shares of RPC Group PLC in a research report on Friday, August 5th. Deutsche Bank AG boosted their price objective on RPC Group PLC from GBX 870 ($10.79) to GBX 970 ($12.03) and gave the company a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,025 ($12.72) price objective on shares of RPC Group PLC in a research report on Tuesday, August 30th. Berenberg Bank initiated coverage on RPC Group PLC in a research report on Thursday, September 15th. They issued a “buy” rating and a GBX 1,050 ($13.03) price objective for the company. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 1,100 ($13.65) price objective (up from GBX 950 ($11.79)) on shares of RPC Group PLC in a research report on Thursday, September 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. RPC Group PLC presently has a consensus rating of “Buy” and an average target price of GBX 1,017.22 ($12.62).
Shares of RPC Group PLC (LON:RPC) opened at 1095.00 on Monday. RPC Group PLC has a 12-month low of GBX 646.50 and a 12-month high of GBX 1,106.00. The company has a 50-day moving average of GBX 960.38 and a 200 day moving average of GBX 874.33. The stock’s market capitalization is GBX 2.06 billion.
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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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