The Royal Bank Of Canada Reiterates Outperform Rating for JRP Group PLC (JRP)

The Royal Bank Of Canada Reiterates Outperform Rating for JRP Group PLC (JRP)

JRP Group PLC (LON:JRP)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They currently have a GBX 200 ($2.61) price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 47.82% from the stock’s previous close.

Several other research firms have also recently commented on JRP. Shore Capital restated a “buy” rating on shares of JRP Group PLC in a report on Friday, June 24th. Numis Securities Ltd assumed coverage on shares of JRP Group PLC in a report on Wednesday, June 8th. They set a “buy” rating and a GBX 200 ($2.61) price target on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 160 ($2.09) price target on shares of JRP Group PLC in a report on Thursday, June 16th. Barclays PLC upgraded shares of JRP Group PLC to an “overweight” rating and boosted their price target for the company from GBX 119 ($1.55) to GBX 165 ($2.15) in a report on Friday, September 30th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 207 ($2.70) price target on shares of JRP Group PLC in a report on Tuesday, July 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 179.50 ($2.34).

Shares of JRP Group PLC (LON:JRP) traded down 2.66% during midday trading on Tuesday, hitting GBX 135.30. 1,898,056 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 111.70 and its 200 day moving average is GBX 123.72. The firm’s market cap is GBX 1.02 billion. JRP Group PLC has a 12-month low of GBX 84.26 and a 12-month high of GBX 172.50.

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The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 22nd will be issued a GBX 1.10 ($0.01) dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, September 22nd.

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