RPC Group (LON:RPC) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a research note issued on Monday. They presently have a GBX 782 ($10.22) price target on the stock, down from their previous price target of GBX 1,230 ($16.07). Peel Hunt’s price target would suggest a potential downside of 1.66% from the stock’s current price.
Several other equities analysts have also recently weighed in on RPC. Panmure Gordon cut shares of RPC Group to a “hold” rating and lowered their price objective for the stock from GBX 1,000 ($13.07) to GBX 782 ($10.22) in a research note on Thursday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of RPC Group from GBX 1,120 ($14.63) to GBX 1,000 ($13.07) and set an “overweight” rating on the stock in a research note on Thursday, November 29th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 1,130 ($14.77) price objective on shares of RPC Group in a research note on Monday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 948.80 ($12.40).
RPC opened at GBX 795.20 ($10.39) on Monday. RPC Group has a 52-week low of GBX 714.50 ($9.34) and a 52-week high of GBX 1,032 ($13.48).
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.
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