JRP Group PLC’s (JRP) “Buy” Rating Reaffirmed at Panmure Gordon
Panmure Gordon reaffirmed their buy rating on shares of JRP Group PLC (LON:JRP) in a research note released on Thursday morning. The brokerage currently has a GBX 207 ($2.70) price target on the stock.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 160 ($2.09) price objective on shares of JRP Group PLC in a research report on Thursday, June 16th. Numis Securities Ltd assumed coverage on JRP Group PLC in a research report on Wednesday, June 8th. They issued a buy rating and a GBX 200 ($2.61) price objective for the company. Shore Capital reiterated a buy rating on shares of JRP Group PLC in a research report on Friday, June 24th. Royal Bank Of Canada reiterated an outperform rating and issued a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research report on Wednesday, September 14th. Finally, Barclays PLC reiterated an equal weight rating and issued a GBX 119 ($1.55) price objective on shares of JRP Group PLC in a research report on Wednesday, August 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 177.20 ($2.31).
JRP Group PLC (LON:JRP) opened at 119.10 on Thursday. The stock has a 50 day moving average price of GBX 99.28 and a 200 day moving average price of GBX 124.05. The company’s market cap is GBX 894.44 million. JRP Group PLC has a 1-year low of GBX 84.26 and a 1-year high of GBX 190.78.
The business also recently announced 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 of this dividend is Thursday, September 22nd. This represents a dividend yield of 0.96%.
In related news, insider Cook,Rodney bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average price of GBX 99 ($1.29) per share, for a total transaction of £49,500 ($64,612.97). Also, insider Melcher,Steve bought 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average price of GBX 109 ($1.42) per share, with a total value of £43,600 ($56,911.63).
JRP Group PLC Company Profile
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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