RPC Group PLC (LON:RPC)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They presently have a GBX 1,040 ($13.58) price target on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 4.79% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of RPC Group PLC from GBX 978 ($12.77) to GBX 1,000 ($13.05) and gave the stock a ” overweight” rating in a report on Tuesday, July 12th. Numis Securities Ltd cut shares of RPC Group PLC to an “add” rating and set a GBX 940 ($12.27) target price for the company. in a report on Monday, July 11th. Jefferies Group restated a “buy” rating and set a GBX 1,000 ($13.05) target price on shares of RPC Group PLC in a report on Tuesday, July 12th. Berenberg Bank initiated coverage on shares of RPC Group PLC in a report on Thursday, September 15th. They set a “buy” rating and a GBX 1,050 ($13.71) target price for the company. Finally, Deutsche Bank AG raised their target price on shares of RPC Group PLC from GBX 870 ($11.36) to GBX 970 ($12.66) and gave the stock a “buy” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,017.22 ($13.28).
Shares of RPC Group PLC (LON:RPC) opened at 992.50 on Friday. The firm’s market capitalization is GBX 1.86 billion. RPC Group PLC has a 12-month low of GBX 577.88 and a 12-month high of GBX 1,001.00. The stock’s 50 day moving average price is GBX 901.68 and its 200-day moving average price is GBX 819.96.
In related news, insider Kesterton,Simon sold 86,754 shares of the firm’s 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 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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