Royal Mail (LON:RMG) had its target price hoisted by research analysts at Jefferies Group from GBX 320 ($4.31) to GBX 330 ($4.44) in a report issued on Friday, November 17th, MarketBeat Ratings reports. The firm currently has an “underperform” rating on the stock. Jefferies Group’s target price points to a potential downside of 23.40% from the stock’s current price.
Several other equities analysts have also recently issued reports on RMG. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 550 ($7.40) price target on shares of Royal Mail in a research report on Thursday, July 20th. upgraded Royal Mail to a “buy” rating and lowered their price target for the company from GBX 475 ($6.39) to GBX 465 ($6.26) in a research report on Monday, July 31st. Liberum Capital reiterated a “sell” rating and set a GBX 385 ($5.18) price target on shares of Royal Mail in a research report on Thursday, August 31st. Berenberg Bank began coverage on Royal Mail in a research note on Tuesday, October 31st. They set a “hold” rating and a GBX 375 ($5.05) price objective for the company. Finally, Credit Suisse Group lowered Royal Mail to an “underperform” rating and reduced their price objective for the stock from GBX 492 ($6.62) to GBX 325 ($4.37) in a research note on Tuesday, October 31st. Five research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 429.45 ($5.78).
Shares of Royal Mail (RMG) traded up GBX 6.20 ($0.08) during mid-day trading on Friday, hitting GBX 430.80 ($5.80). The stock had a trading volume of 5,570,526 shares, compared to its average volume of 5,440,000. Royal Mail has a one year low of GBX 367.80 ($4.95) and a one year high of GBX 474 ($6.38).
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Royal Mail Company Profile
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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