Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Above 50 Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$29.59 and traded as high as C$31.47. Richards Packaging Income Fund shares last traded at C$30.98, with a volume of 3,152 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$43.00 target price on shares of Richards Packaging Income Fund and gave the company an “outperform” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$43.00.

Richards Packaging Income Fund Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The stock has a market cap of C$352.59 million, a P/E ratio of 16.17 and a beta of 0.65. The business has a 50 day moving average price of C$29.56 and a 200 day moving average price of C$31.70.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 4.3%. Richards Packaging Income Fund’s dividend payout ratio is 69.11%.

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.