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 research analysts at National Bankshares in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 32.27% from the company's current price.

Richards Packaging Income Fund Price Performance

TSE:RPI.UN traded down C$0.81 during mid-day trading on Friday, reaching C$32.51. The stock had a trading volume of 3,128 shares, compared to its average volume of 8,431. The stock has a 50-day simple moving average of C$32.84 and a two-hundred day simple moving average of C$30.43. The stock has a market capitalization of C$356.15 million, a PE ratio of 14.84 and a beta of 0.71. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. Richards Packaging Income Fund has a 12 month low of C$25.90 and a 12 month high of C$34.30.

Richards Packaging Income Fund Company Profile

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.