Other analysts have also issued research reports about the company. Royal Bank of Canada reiterated an outperform rating and issued a GBX 210 ($2.71) price target on shares of JRP Group PLC in a report on Thursday, April 27th. Barclays PLC lowered their price target on JRP Group PLC from GBX 177 ($2.28) to GBX 168 ($2.17) and set an overweight rating for the company in a report on Tuesday, April 18th. Numis Securities Ltd reiterated a buy rating and issued a GBX 220 ($2.84) price target on shares of JRP Group PLC in a report on Tuesday, May 2nd. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 160 ($2.07) price target on shares of JRP Group PLC in a report on Thursday. Finally, Credit Suisse Group AG assumed coverage on JRP Group PLC in a report on Thursday, April 27th. They issued a neutral rating and a GBX 135 ($1.74) price target for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 174.88 ($2.26).
JRP Group PLC (LON:JRP) traded up 0.45% during trading on Thursday, hitting GBX 135.10. The stock had a trading volume of 2,241,896 shares. The company’s 50 day moving average is GBX 127.51 and its 200 day moving average is GBX 138.21. The firm’s market cap is GBX 988.39 million. JRP Group PLC has a 52-week low of GBX 84.26 and a 52-week high of GBX 161.40.
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The company also recently declared a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 4th will be issued a GBX 2.40 ($0.03) dividend. This is a positive change from JRP Group PLC’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 1.6%.
In related news, insider Simon Thomas sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of GBX 153 ($1.97), for a total value of £153,000 ($197,495.80). Also, insider Rodney Cook sold 199,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of GBX 146 ($1.88), for a total value of £290,572.12 ($375,076.96).
JRP Group PLC Company Profile
JRP Group plc, formerly Just Retirement Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments.
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