Richards Packaging Income Fund (TSE:RPI.UN) Given a C$43.00 Price Target at National Bankshares

Key Points

• Richards Packaging Income Fund (TSE:RPI.UN) received a price target of C$43.00 from National Bankshares, indicating a potential upside of 26.28% from its previous close.
• The company's stock traded at C$34.05, with a current market capitalization of C$373.02 million and a price-to-earnings ratio of 15.55.
• Richards Packaging has evolved from a manufacturer of glass containers for pharmacies to a significant distributor for various sectors, including food and healthcare.

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) has been given a C$43.00 price objective by equities researchers at National Bankshares in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 26.28% from the company's previous close.

Richards Packaging Income Fund Stock Performance

Shares of RPI.UN traded up C$0.21 during trading hours on Friday, reaching C$34.05. 11,011 shares of the company's stock traded hands, compared to its average volume of 8,455. The firm has a market capitalization of C$373.02 million, a price-to-earnings ratio of 15.55 and a beta of 0.71. The business's fifty day simple moving average is C$32.77 and its two-hundred day simple moving average is C$30.32. Richards Packaging Income Fund has a twelve month low of C$25.90 and a twelve month high of C$34.25. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

About Richards Packaging Income Fund

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.