RPC Group PLC (RPC) Receives GBX 1,052.50 Consensus PT from Brokerages
RPC Group PLC (LON:RPC) has been given an average recommendation of “Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,052.50 ($13.43).
RPC has been the topic of a number of analyst reports. Peel Hunt reiterated a “buy” rating on shares of RPC Group in a research note on Wednesday, July 18th. Credit Suisse Group reiterated an “outperform” rating on shares of RPC Group in a research note on Friday, May 4th. Numis Securities reiterated a “buy” rating on shares of RPC Group in a research note on Wednesday, July 18th. Deutsche Bank reiterated a “buy” rating on shares of RPC Group in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group dropped their price objective on shares of RPC Group from GBX 1,150 ($14.67) to GBX 1,050 ($13.39) and set a “buy” rating on the stock in a research note on Monday, August 6th.
RPC opened at GBX 753.60 ($9.61) on Tuesday. RPC Group has a 52-week low of GBX 714.50 ($9.11) and a 52-week high of GBX 1,032 ($13.16).
The business also recently declared a dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 9th will be paid a GBX 20.20 ($0.26) dividend. This represents a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, August 9th. This is a positive change from RPC Group’s previous dividend of $7.80.
In related news, insider Simon Kesterton sold 13,026 shares of RPC Group stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of GBX 697 ($8.89), for a total value of £90,791.22 ($115,819.90). Also, insider Petrus R. M. Vervaat sold 48,459 shares of RPC Group stock in a transaction on Friday, July 20th. The stock was sold at an average price of GBX 764 ($9.75), for a total transaction of £370,226.76 ($472,288.25).
RPC Group Company Profile
RPC Group Plc operates as a plastic product design and engineering company worldwide. It operates through two segments, Packaging and Non-Packaging. The Packaging segment designs plastic packaging for end markets, including the food, beverage, personal care, and healthcare markets; and designs and manufactures other plastic products, such as containers for surface coatings comprising paint pots and vaping accessories.
Further Reading: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for RPC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC Group and related companies with MarketBeat.com's FREE daily email newsletter.