Published On: Sat, Sep 24th, 2016

JRP Group PLC (JRP) Stock Rating Reaffirmed by Royal Bank Of Canada

JRP Group PLC (LON:JRP)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Friday. They presently have a GBX 200 ($2.61) price target on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 55.88% from the stock’s previous close.
JRP has been the subject of a number of other research reports. Barclays PLC reissued an “equal weight” rating and issued a GBX 119 ($1.55) price objective on shares of JRP Group PLC in a research note on Friday, September 16th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of JRP Group PLC in a research note on Wednesday, August 24th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 200 ($2.61) price objective on shares of JRP Group PLC in a research note on Wednesday, August 24th. Panmure Gordon reissued a “buy” rating and issued a GBX 207 ($2.70) price objective on shares of JRP Group PLC in a research note on Thursday, September 15th. Finally, Shore Capital reissued a “buy” rating on shares of JRP Group PLC in a research note on Friday, June 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 177.20 ($2.31).
JRP Group PLC (LON:JRP) opened at 128.30 on Friday. The company’s 50 day moving average price is GBX 101.10 and its 200-day moving average price is GBX 123.98. JRP Group PLC has a 12-month low of GBX 84.26 and a 12-month high of GBX 178.60. The firm’s market capitalization is GBX 963.53 million.

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The business also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 22nd will be issued a GBX 1.10 ($0.01) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 0.96%.
In related news, insider Melcher,Steve bought 40,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were bought 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 bought 50,000 shares of the company’s stock in a transaction dated Tuesday, June 28th. The stock was bought 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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