RPC Group PLC (LON:RPC) had its price target upped by analysts at Panmure Gordon from GBX 1,156 ($15.09) to GBX 1,200 ($15.66) in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Panmure Gordon’s target price would indicate a potential upside of 25.98% from the company’s current price.
Other analysts also recently issued research reports about the company. Numis Securities Ltd downgraded RPC Group PLC to an “add” rating and set a GBX 940 ($12.27) price objective on the stock. in a research note on Monday, July 11th. Credit Suisse Group AG lifted their price objective on RPC Group PLC from GBX 1,025 ($13.38) to GBX 1,040 ($13.58) and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on RPC Group PLC from GBX 978 ($12.77) to GBX 1,004 ($13.11) and gave the stock an “overweight” rating in a research note on Friday, July 8th. Jefferies Group reissued a “buy” rating and set a GBX 1,000 ($13.05) target price on shares of RPC Group PLC in a research report on Tuesday, July 12th. Finally, Deutsche Bank AG boosted their target price on RPC Group PLC from GBX 870 ($11.36) to GBX 970 ($12.66) and gave the company a “buy” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,013.89 ($13.23).
Shares of RPC Group PLC (LON:RPC) opened at 963.05 on Thursday. The stock has a 50 day moving average of GBX 886.20 and a 200 day moving average of GBX 810.58. The company’s market cap is GBX 1.81 billion. RPC Group PLC has a 1-year low of GBX 577.41 and a 1-year high of GBX 1,000.00.
In other RPC Group PLC news, insider Kesterton,Simon sold 86,754 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of GBX 803 ($10.48), for a total value 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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