Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating reissued by research analysts at Credit Suisse Group in a research report issued on Friday. They currently have a GBX 325 ($4.27) target price on the stock. Credit Suisse Group’s target price indicates a potential downside of 13.54% from the stock’s current price.
A number of other research firms also recently issued reports on RMG. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 320 ($4.21) price objective on shares of Royal Mail PLC in a report on Thursday. J P Morgan Chase & Co lowered their price objective on shares of Royal Mail PLC from GBX 550 ($7.23) to GBX 535 ($7.04) and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Berenberg Bank initiated coverage on shares of Royal Mail PLC in a report on Tuesday, October 31st. They issued a “hold” rating and a GBX 375 ($4.93) price objective on the stock. Liberum Capital reiterated a “sell” rating and issued a GBX 385 ($5.06) price objective on shares of Royal Mail PLC in a report on Thursday, October 26th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 465 ($6.12) price objective on shares of Royal Mail PLC in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 437.78 ($5.76).
Shares of Royal Mail PLC (LON:RMG) opened at GBX 375.89 ($4.94) on Friday. 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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