RPC Group PLC (LON:RPC) has earned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,172.50 ($14.94).
RPC has been the subject of several analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,135 ($14.46) price objective on shares of RPC Group PLC in a research report on Thursday, March 2nd. Jefferies Group LLC lowered their price objective on RPC Group PLC from GBX 1,220 ($15.54) to GBX 1,150 ($14.65) and set a “buy” rating for the company in a research report on Thursday, March 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,140 ($14.52) price objective on shares of RPC Group PLC in a research report on Thursday, March 23rd. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,200 ($15.29) price objective on shares of RPC Group PLC in a research report on Thursday, March 30th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,250 ($15.93) price objective on shares of RPC Group PLC in a research report on Friday, March 31st.
RPC Group PLC (LON:RPC) traded down 1.04% during midday trading on Tuesday, reaching GBX 764.50. The company’s stock had a trading volume of 1,809,700 shares. RPC Group PLC has a 1-year low of GBX 659.82 and a 1-year high of GBX 1,032.19. The stock’s 50-day moving average price is GBX 823.04 and its 200 day moving average price is GBX 923.38. The firm’s market capitalization is GBX 1.44 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be given a dividend of GBX 17.90 ($0.23) per share. This is a boost from RPC Group PLC’s previous dividend of $6.50. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, August 10th.
In other news, insider Godwin Wong bought 3,000 shares of RPC Group PLC stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of GBX 793 ($10.10) per share, with a total value of £23,790 ($30,309.59). Also, insider Martin Towers bought 6,990 shares of RPC Group PLC stock in a transaction dated Thursday, June 8th. The stock was purchased at an average cost of GBX 797 ($10.15) per share, with a total value of £55,710.30 ($70,977.58). Over the last ninety days, insiders have bought 21,205 shares of company stock valued at $16,679,975.
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RPC Group PLC Company Profile
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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