RPC Group (RPC) Receives Outperform Rating from Credit Suisse Group
RPC Group (LON:RPC)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued on Monday. They presently have a GBX 1,210 ($16.99) price objective on the stock. Credit Suisse Group’s price target would suggest a potential upside of 44.39% from the stock’s previous close.
RPC has been the subject of several other research reports. Deutsche Bank restated a “buy” rating and issued a GBX 1,140 ($16.01) price objective on shares of RPC Group in a report on Tuesday, November 28th. Berenberg Bank cut RPC Group to a “hold” rating and decreased their price objective for the company from GBX 1,120 ($15.73) to GBX 920 ($12.92) in a report on Tuesday, January 16th. Peel Hunt restated a “buy” rating and issued a GBX 1,250 ($17.55) price objective on shares of RPC Group in a report on Monday, November 6th. Numis Securities reiterated an “add” rating and issued a GBX 1,130 ($15.87) target price on shares of RPC Group in a research note on Thursday, November 30th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,250 ($17.55) target price on shares of RPC Group in a research note on Thursday, November 30th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,152.50 ($16.18).
Shares of RPC Group (LON RPC) traded up GBX 18.40 ($0.26) during midday trading on Monday, hitting GBX 838 ($11.77). The stock had a trading volume of 2,420,000 shares, compared to its average volume of 2,160,000. The company has a market cap of $3,420.00 and a PE ratio of 1,643.14. RPC Group has a 12 month low of GBX 714.50 ($10.03) and a 12 month high of GBX 1,032 ($14.49).
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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