RPC Group PLC’s (RPC) Outperform Rating Reaffirmed at Credit Suisse Group AG

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).

Analyst Recommendations for RPC Group PLC (LON:RPC)

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.

12 Month Chart for LON:RPC

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