Berenberg Bank downgraded shares of RPC Group (LON:RPC) to a hold rating in a report published on Tuesday. The firm currently has GBX 920 ($12.48) price objective on the stock, down from their prior price objective of GBX 1,120 ($15.19).
RPC has been the topic of several other reports. Deutsche Bank restated a buy rating and issued a GBX 1,140 ($15.46) price target on shares of RPC Group in a research note on Tuesday, November 28th. Numis Securities restated an add rating and issued a GBX 1,130 ($15.32) price target on shares of RPC Group in a research note on Thursday, September 28th. Credit Suisse Group restated an outperform rating and issued a GBX 1,180 ($16.00) price target on shares of RPC Group in a research note on Wednesday, November 29th. Peel Hunt restated a buy rating and issued a GBX 1,250 ($16.95) price target on shares of RPC Group in a research note on Monday, November 6th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,250 ($16.95) price target on shares of RPC Group in a research note on Thursday, November 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 1,143.75 ($15.51).
RPC Group (LON RPC) traded down GBX 8.20 ($0.11) during mid-day trading on Tuesday, hitting GBX 790.40 ($10.72). 5,410,000 shares of the company traded hands, compared to its average volume of 1,800,000. RPC Group has a fifty-two week low of GBX 714.50 ($9.69) and a fifty-two week high of GBX 1,032 ($14.00). The firm has a market capitalization of $3,230.00 and a P/E ratio of 1,549.80.
The company also recently disclosed a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, December 28th will be paid a dividend of GBX 7.80 ($0.11) per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 0.86%.
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RPC Group 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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