Shares of RPC Group PLC (LON:RPC) have been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,173.13 ($15.20).
Several equities research analysts have issued reports on the company. Credit Suisse Group restated an “outperform” rating and set a GBX 1,175 ($15.22) target price on shares of RPC Group PLC in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,150 ($14.90) price target on shares of RPC Group PLC in a report on Wednesday, May 24th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,200 ($15.54) price target on shares of RPC Group PLC in a report on Friday, June 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,140 ($14.77) price target on shares of RPC Group PLC in a report on Friday, March 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,250 ($16.19) price target on shares of RPC Group PLC in a report on Friday, June 16th.
In related news, insider Petrus R. M. Vervaat acquired 10,000 shares of RPC Group PLC stock in a transaction dated Monday, June 12th. The shares were purchased at an average cost of GBX 773 ($10.01) per share, with a total value of £77,300 ($100,129.53). Also, insider Martin Towers acquired 6,990 shares of RPC Group PLC stock in a transaction dated Thursday, June 8th. The shares were bought at an average cost of GBX 797 ($10.32) per share, for a total transaction of £55,710.30 ($72,163.60). Insiders have bought 21,205 shares of company stock worth $16,679,975 over the last ninety days.
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RPC Group PLC (RPC) traded down 0.26% during trading on Monday, reaching GBX 771.00. The company’s stock had a trading volume of 1,480,655 shares. RPC Group PLC has a 12 month low of GBX 708.82 and a 12 month high of GBX 1,032.19. The company’s market cap is GBX 1.45 billion. The stock’s 50 day moving average is GBX 804.30 and its 200 day moving average is GBX 907.32.
The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be paid 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 of this dividend is Thursday, August 10th.
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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