The stock of RPC Group PLC (LON:RPC) hit a new 52-week high and has GBX 1055.14 target or 4.00% above today’s GBX 1014.56 share price. The 6 months bullish chart indicates low risk for the GBX 3.37B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 1055.14 price target is reached, the company will be worth GBX 134.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.84% or GBX 28.06 on November 25, hitting GBX 1014.56. About 1.43M shares traded hands or 19.17% up from the average. RPC Group PLC (LON:RPC) has risen 37.67% since April 28, 2016 and is uptrending. It has outperformed by 32.26% the S&P500.
RPC Group PLC (LON:RPC) Ratings Coverage
Out of 10 analysts covering RPC Group PLC (LON:RPC), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. RPC Group PLC has been the topic of 87 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, July 29. The stock has “Buy” rating given by Canaccord Genuity on Thursday, January 28. The company was maintained on Tuesday, December 1 by RBC Capital Markets. As per Wednesday, August 17, the company rating was maintained by Deutsche Bank. Jefferies maintained RPC Group PLC (LON:RPC) on Wednesday, May 18 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 25. On Wednesday, November 25 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Wednesday, September 30 by Panmure Gordon. Jefferies maintained it with “Buy” rating and GBX 750 target price in Wednesday, October 14 report. RBC Capital Markets maintained the shares of RPC in a report on Wednesday, August 5 with “Outperform” rating.
Another recent and important RPC Group PLC (LON:RPC) news was published by Fool.Co.Uk which published an article titled: “Are Unilever plc, RPC Group plc & Cohort PLC Set To Soar?” on November 25, 2015.
RPC Group Plc is a plastic products design and engineering company. The company has a market cap of 3.37 billion GBP. The Firm offers a range of consumer products and technical components for the packaging and non-packaging markets. It has a 52.29 P/E ratio. The Company’s business is organized into two divisions: Packaging and Non-packaging.
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