RPC Group PLC (LON:RPC)‘s stock had its “overweight” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research report issued on Thursday. They presently have a GBX 1,250 ($16.32) price target on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 40.85% from the company’s current price.
Several other equities research analysts have also weighed in on the stock. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,130 ($14.76) target price on shares of RPC Group PLC in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,135 ($14.82) target price on shares of RPC Group PLC in a report on Friday, July 7th. Credit Suisse Group upped their target price on shares of RPC Group PLC from GBX 1,175 ($15.34) to GBX 1,180 ($15.41) and gave the stock an “outperform” rating in a report on Monday, July 3rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,140 ($14.89) target price on shares of RPC Group PLC in a report on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,150 ($15.02) target price on shares of RPC Group PLC in a report on Wednesday, May 24th. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,173.13 ($15.32).
Shares of RPC Group PLC (RPC) opened at 887.50 on Thursday. RPC Group PLC has a 12 month low of GBX 714.50 and a 12 month high of GBX 1,032.19. The company has a 50-day moving average of GBX 791.29 and a 200 day moving average of GBX 881.74. The company’s market capitalization is GBX 1.67 billion.
In related news, insider Lynn Drummond purchased 1,215 shares of RPC Group PLC stock in a transaction that occurred on Wednesday, June 7th. The shares were acquired at an average price of GBX 823 ($10.75) per share, for a total transaction of £9,999.45 ($13,057.52). Also, insider Martin Towers purchased 6,990 shares of RPC Group PLC stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of GBX 797 ($10.41) per share, for a total transaction of £55,710.30 ($72,747.85). In the last quarter, insiders have purchased 21,205 shares of company stock worth $16,679,975.
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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