Shares of RPC Group (LON:RPC) have been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,118.57 ($16.02).
Several equities research analysts have recently issued reports on RPC shares. Numis Securities restated a “buy” rating and issued a GBX 1,130 ($16.18) target price on shares of RPC Group in a report on Friday, February 2nd. Peel Hunt restated a “buy” rating and issued a GBX 1,250 ($17.90) target price on shares of RPC Group in a report on Thursday, February 1st. Jefferies Group restated a “buy” rating and issued a GBX 1,150 ($16.47) target price on shares of RPC Group in a report on Tuesday, March 6th. Deutsche Bank restated a “buy” rating and issued a GBX 1,180 ($16.90) target price on shares of RPC Group in a report on Monday, January 29th. Finally, Berenberg Bank lowered shares of RPC Group to a “hold” rating and lowered their target price for the stock from GBX 1,120 ($16.04) to GBX 920 ($13.17) in a report on Tuesday, January 16th.
In related news, insider Kevin J. Thompson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of GBX 799 ($11.44) per share, for a total transaction of £79,900 ($114,404.35).
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About RPC Group
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 serves the food, non-food, personal care, beverage, and healthcare markets. The Non-Packaging segment engages in the design and manufacture of molds, plastic products, and technical components for various markets.
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