RPC Group (LON:RPC) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from GBX 1,250 ($16.33) to GBX 1,120 ($14.63) in a research report issued to clients and investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 37.19% from the company’s previous close.
Several other equities research analysts have also commented on RPC. Peel Hunt cut their target price on RPC Group from GBX 1,250 ($16.33) to GBX 1,230 ($16.07) and set a “buy” rating on the stock in a research report on Tuesday, June 12th. Numis Securities restated a “buy” rating on shares of RPC Group in a research report on Wednesday, July 18th. Deutsche Bank restated a “buy” rating on shares of RPC Group in a research report on Tuesday, July 24th. Finally, Jefferies Financial Group cut their target price on RPC Group from GBX 1,150 ($15.03) to GBX 1,050 ($13.72) and set a “buy” rating on the stock in a research report on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 1,121.25 ($14.65).
Shares of RPC Group stock opened at GBX 816.40 ($10.67) on Tuesday. RPC Group has a one year low of GBX 714.50 ($9.34) and a one year high of GBX 1,032 ($13.48).
In related news, insider Petrus R. M. Vervaat sold 48,459 shares of the company’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of GBX 764 ($9.98), for a total transaction of £370,226.76 ($483,766.84).
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 designs plastic packaging for end markets, including the food, beverage, personal care, and healthcare markets; and designs and manufactures other plastic products, such as containers for surface coatings comprising paint pots and vaping accessories.
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