RPC Group PLC (LON:RPC)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group AG in a note issued to investors on Wednesday, April 19th. They currently have a GBX 1,175 ($15.17) target price on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 39.88% from the company’s previous close.
Several other analysts also recently weighed in on RPC. Jefferies Group LLC restated a “buy” rating and set a GBX 1,220 ($15.75) price objective on shares of RPC Group PLC in a research report on Thursday, January 12th. Numis Securities Ltd restated an “add” rating and set a GBX 1,200 ($15.49) price objective on shares of RPC Group PLC in a research report on Thursday, February 9th. Peel Hunt reduced their price target on shares of RPC Group PLC from GBX 1,225 ($15.81) to GBX 1,135 ($14.65) and set a “buy” rating for the company in a research report on Monday, February 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 ($15.49) price target on shares of RPC Group PLC in a research report on Thursday, February 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,250 ($16.14) price target on shares of RPC Group PLC in a research report on Friday, February 3rd. Eight research analysts have rated the stock with a buy rating, RPC Group PLC presently has an average rating of “Buy” and an average target price of GBX 1,181.25 ($15.25).
RPC Group PLC (LON:RPC) traded up 2.00% during midday trading on Wednesday, reaching GBX 840.00. 1,706,481 shares of the company’s stock were exchanged. RPC Group PLC has a 12-month low of GBX 707.00 and a 12-month high of GBX 1,106.00. The stock’s market capitalization is GBX 1.58 billion. The stock’s 50-day moving average is GBX 806.70 and its 200-day moving average is GBX 945.72.
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In related news, insider Martin Towers purchased 6,499 shares of the stock in a transaction dated Friday, February 24th. The shares were acquired at an average cost of GBX 665 ($8.58) per share, with a total value of £43,218.35 ($55,787.21). Also, insider Godwin Wong purchased 3,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were bought at an average cost of GBX 926 ($11.95) per share, for a total transaction of £27,780 ($35,859.04).
RPC Group PLC Company Profile
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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