RPC Group (RPC) Downgraded to Hold at Berenberg Bank

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.

Analyst Recommendations for RPC Group (LON:RPC)

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