RPC Group PLC’s (RPC) “Buy” Rating Reaffirmed at Jefferies Group LLC
A number of other research firms have also recently issued reports on RPC. Berenberg Bank boosted their price objective on RPC Group PLC from GBX 1,050 ($13.12) to GBX 1,200 ($15.00) and gave the company a buy rating in a report on Thursday, December 1st. J P Morgan Chase & Co upped their target price on RPC Group PLC from GBX 1,000 ($12.50) to GBX 1,180 ($14.75) and gave the stock an overweight rating in a report on Thursday, December 1st. Peel Hunt reiterated a buy rating and issued a GBX 1,225 ($15.31) target price on shares of RPC Group PLC in a report on Thursday, January 5th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,210 ($15.12) target price on shares of RPC Group PLC in a report on Tuesday, January 3rd. Finally, Numis Securities Ltd reiterated an add rating and issued a GBX 1,200 ($15.00) target price on shares of RPC Group PLC in a report on Thursday, February 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. RPC Group PLC has a consensus rating of Buy and an average target price of GBX 1,140.56 ($14.25).
Shares of RPC Group PLC (LON:RPC) opened at 905.50 on Thursday. RPC Group PLC has a 52-week low of GBX 700.50 and a 52-week high of GBX 1,106.00. The stock’s market capitalization is GBX 1.70 billion. The company’s 50 day moving average price is GBX 1,043.76 and its 200 day moving average price is GBX 972.49.
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The company also recently announced a dividend, which was paid on Friday, January 27th. Shareholders of record on Thursday, December 29th were issued a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Thursday, December 29th.
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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