Peel Hunt Reaffirms Buy Rating for RPC Group (LON:RPC)

RPC Group (LON:RPC)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research report issued to clients and investors on Monday, April 9th.

A number of other research analysts also recently weighed in on the company. Berenberg Bank downgraded RPC Group to a “hold” rating and lowered their target price for the company from GBX 1,120 ($16.04) to GBX 920 ($13.17) in a report on Tuesday, January 16th. JPMorgan Chase reissued an “overweight” rating and issued a GBX 1,250 ($17.90) target price on shares of RPC Group in a report on Friday, February 2nd. Numis Securities reissued 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. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,210 ($17.33) price objective on shares of RPC Group in a research note on Monday, January 29th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,150 ($16.47) price objective on shares of RPC Group in a research note on Tuesday, March 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,135 ($16.25).

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Shares of LON RPC opened at GBX 797.40 ($11.42) on Monday. RPC Group has a twelve month low of GBX 714.50 ($10.23) and a twelve month high of GBX 1,032 ($14.78).

In related news, insider Kevin J. Thompson acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of GBX 799 ($11.44) per share, with a total value of £79,900 ($114,404.35).

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RPC Group Company Profile

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.

Analyst Recommendations for RPC Group (LON:RPC)

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