Royal Mail PLC’s (RMG) “Buy” Rating Reaffirmed at HSBC Holdings plc

Royal Mail PLC (LON:RMG)‘s stock had its “buy” rating restated by equities research analysts at HSBC Holdings plc in a research report issued to clients and investors on Wednesday, October 18th. They currently have a GBX 465 ($6.14) price target on the stock. HSBC Holdings plc’s price objective points to a potential upside of 22.63% from the company’s current price.

RMG has been the subject of a number of other research reports. Jefferies Group LLC lowered their target price on shares of Royal Mail PLC from GBX 350 ($4.62) to GBX 320 ($4.22) and set an “underperform” rating for the company in a research note on Monday, September 18th. Liberum Capital reiterated a “sell” rating and set a GBX 385 ($5.08) target price on shares of Royal Mail PLC in a research note on Wednesday, September 6th. Barclays PLC reiterated an “overweight” rating and set a GBX 535 ($7.06) target price on shares of Royal Mail PLC in a research note on Monday, June 26th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 550 ($7.26) target price on shares of Royal Mail PLC in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 467 ($6.16).

Royal Mail PLC (RMG) opened at 378.20 on Wednesday. The firm’s 50-day moving average price is GBX 382.38 and its 200-day moving average price is GBX 406.87. Royal Mail PLC has a 52 week low of GBX 368.26 and a 52 week high of GBX 501.00. The stock’s market cap is GBX 3.75 billion.

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About Royal Mail PLC

Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.

Analyst Recommendations for Royal Mail PLC (LON:RMG)

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