JRP Group PLC (JRP) Rating Reiterated by Royal Bank Of Canada
Royal Bank Of Canada reissued their outperform rating on shares of JRP Group PLC (LON:JRP) in a research note issued to investors on Wednesday morning. The brokerage currently has a GBX 200 ($2.61) target price on the stock.
Other equities analysts have also recently issued reports about the company. Numis Securities Ltd started coverage on JRP Group PLC in a report on Wednesday, June 8th. They issued a buy rating and a GBX 200 ($2.61) price objective for the company. Panmure Gordon reaffirmed a buy rating and issued a GBX 207 ($2.70) price objective on shares of JRP Group PLC in a report on Tuesday, July 5th. Shore Capital reaffirmed a buy rating on shares of JRP Group PLC in a report on Friday, June 24th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 119 ($1.55) price objective on shares of JRP Group PLC in a report on Wednesday, August 24th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of JRP Group PLC in a report on Wednesday, August 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 177.20 ($2.31).
JRP Group PLC (LON:JRP) opened at 116.80 on Wednesday. The firm has a 50-day moving average price of GBX 98.75 and a 200 day moving average price of GBX 124.17. JRP Group PLC has a 1-year low of GBX 84.26 and a 1-year high of GBX 190.78. The firm’s market cap is GBX 598.72 million.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, September 22nd. This represents a yield of 0.96%.
In other news, insider Melcher,Steve acquired 40,000 shares of JRP Group PLC stock in a transaction that occurred on Thursday, June 30th. The shares were acquired at an average price of GBX 109 ($1.42) per share, for a total transaction of £43,600 ($56,911.63). Also, insider Cook,Rodney acquired 50,000 shares of JRP Group PLC stock in a transaction that occurred on Tuesday, June 28th. The shares were purchased at an average price of GBX 99 ($1.29) per share, for a total transaction of £49,500 ($64,612.97).
About JRP Group PLC
JRP Group plc, formerly Just Retirement Group plc, is a United Kingdom-based financial services company. The Company provides retirement income products and services to individuals and corporate clients. Its segments include insurance, other and corporate activities. Its insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans and capped drawdown contracts, and invests the premiums received from these contracts in corporate bonds and lifetime mortgage advances.
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