RPC Group PLC (RPC) Receives Average Rating of “Buy” from Analysts

RPC Group PLC (LON:RPC) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 874 ($11.42).

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of RPC Group in a report on Friday, February 1st. Peel Hunt restated a “hold” rating on shares of RPC Group in a report on Tuesday, February 19th. Numis Securities restated a “hold” rating and issued a GBX 790 ($10.32) target price on shares of RPC Group in a report on Tuesday, February 19th. Finally, Panmure Gordon lowered RPC Group to a “hold” rating and reduced their target price for the company from GBX 1,000 ($13.07) to GBX 782 ($10.22) in a report on Thursday, January 24th.

In related news, insider Petrus R. M. Vervaat sold 240,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of GBX 795 ($10.39), for a total transaction of £1,908,000 ($2,493,139.95).

Shares of RPC traded down GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 787 ($10.28). The company’s stock had a trading volume of 987,077 shares, compared to its average volume of 1,890,000. The firm has a market capitalization of $3.19 billion and a P/E ratio of 14.66. RPC Group has a 1 year low of GBX 625.20 ($8.17) and a 1 year high of GBX 857.80 ($11.21). The company has a quick ratio of 0.81, a current ratio of 1.27 and a debt-to-equity ratio of 77.15.

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 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.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for RPC Group (LON:RPC)

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