RPC Group PLC (LON:RPC) had its price objective upped by equities researchers at Deutsche Bank AG from GBX 970 ($12.66) to GBX 1,000 ($13.05) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 4.33% from the stock’s current price.
RPC has been the subject of a number of other reports. Panmure Gordon raised their price objective on shares of RPC Group PLC from GBX 1,156 ($15.09) to GBX 1,200 ($15.66) and gave the company a “buy” rating in a research report on Thursday. Berenberg Bank assumed coverage on shares of RPC Group PLC in a research report on Thursday, September 15th. They issued a “buy” rating and a GBX 1,050 ($13.71) price objective for the company. Credit Suisse Group AG assumed coverage on shares of RPC Group PLC in a research report on Monday, July 25th. They issued an “outperform” rating and a GBX 1,025 ($13.38) price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of RPC Group PLC from GBX 978 ($12.77) to GBX 1,000 ($13.05) and gave the company a ” overweight” rating in a research report on Tuesday, July 12th. Finally, Numis Securities Ltd lowered shares of RPC Group PLC to an “add” rating and set a GBX 940 ($12.27) price objective for the company. in a research report on Monday, July 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,017.22 ($13.28).
Shares of RPC Group PLC (LON:RPC) opened at 958.50 on Friday. RPC Group PLC has a 1-year low of GBX 577.41 and a 1-year high of GBX 1,000.00. The company’s market capitalization is GBX 1.80 billion. The stock has a 50 day moving average of GBX 888.65 and a 200-day moving average of GBX 811.18.
In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of RPC Group PLC stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of GBX 803 ($10.48), for a total transaction of £696,634.62 ($909,325.96).
About RPC Group PLC
RPC Group Plc is a United Kingdom-based plastic products design and engineering company. The Company offers a range of consumer products and technical components for packaging and non-packaging markets. The Company’s segments include injection moulding, thermoforming and blow moulding. The injection moulding segment consists of the Superfos, Bramlage-Wiko, UKIM and Ace clusters.
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