Peel Hunt Cuts RPC Group PLC (RPC) Price Target to GBX 1,135

RPC Group PLC (LON:RPC) had its target price decreased by Peel Hunt from GBX 1,225 ($15.26) to GBX 1,135 ($14.14) in a research note published on Monday. Peel Hunt currently has a buy rating on the stock.

Several other research analysts have also weighed in on RPC. Jefferies Group LLC reiterated a buy rating and issued a GBX 1,100 ($13.70) price objective on shares of RPC Group PLC in a research note on Tuesday, November 22nd. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,040 ($12.95) price objective on shares of RPC Group PLC in a research note on Friday, November 25th. Panmure Gordon reiterated a buy rating and issued a GBX 1,200 ($14.95) price objective on shares of RPC Group PLC in a research note on Wednesday, November 30th. Numis Securities Ltd upped their price objective on shares of RPC Group PLC from GBX 1,100 ($13.70) to GBX 1,200 ($14.95) and gave the company an add rating in a research note on Wednesday, November 30th. Finally, Berenberg Bank upped their price objective on shares of RPC Group PLC from GBX 1,050 ($13.08) to GBX 1,200 ($14.95) and gave the company a buy rating in a research note on Thursday, December 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. RPC Group PLC currently has an average rating of Buy and a consensus target price of GBX 1,140.56 ($14.21).

Shares of RPC Group PLC (LON:RPC) opened at 911.00 on Monday. The company has a 50-day moving average of GBX 1,056.39 and a 200-day moving average of GBX 970.05. RPC Group PLC has a 12 month low of GBX 606.12 and a 12 month high of GBX 1,032.19. The firm’s market cap is GBX 1.71 billion.

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The company also recently announced a dividend, which was paid on Friday, January 27th. Investors of record on Thursday, December 29th were paid a GBX 6.50 ($0.08) dividend. The ex-dividend date was Thursday, December 29th. This represents a yield of 0.6%.

About RPC Group PLC

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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