Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating reissued by research analysts at Jefferies Group LLC in a report released on Thursday. They presently have a GBX 320 ($4.21) price objective on the stock. Jefferies Group LLC’s target price indicates a potential downside of 14.87% from the company’s current price.
A number of other equities analysts have also recently commented on RMG. Credit Suisse Group cut shares of Royal Mail PLC to an “underperform” rating and cut their price target for the stock from GBX 492 ($6.47) to GBX 325 ($4.27) in a research note on Tuesday, October 31st. Liberum Capital reaffirmed a “sell” rating and issued a GBX 385 ($5.06) price objective on shares of Royal Mail PLC in a research note on Wednesday, September 6th. J P Morgan Chase & Co cut their price objective on shares of Royal Mail PLC from GBX 550 ($7.23) to GBX 535 ($7.04) and set an “overweight” rating for the company in a research note on Thursday, November 2nd. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 465 ($6.12) price objective on shares of Royal Mail PLC in a research note on Tuesday, October 10th. Finally, Berenberg Bank began coverage on shares of Royal Mail PLC in a research note on Tuesday, October 31st. They issued a “hold” rating and a GBX 375 ($4.93) price objective for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 437.78 ($5.76).
Royal Mail PLC (LON RMG) traded down GBX 7.11 ($0.09) during mid-day trading on Thursday, reaching GBX 375.89 ($4.94). 5,350,000 shares of the company’s stock were exchanged, compared to its average volume of 4,470,000. Royal Mail PLC has a fifty-two week low of GBX 367.80 ($4.84) and a fifty-two week high of GBX 501 ($6.59).
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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.
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