Royal Mail (RMG) Given New GBX 410 Price Target at Morgan Stanley

Royal Mail (LON:RMG) had its price target hoisted by Morgan Stanley from GBX 390 ($5.29) to GBX 410 ($5.56) in a research report sent to investors on Friday. The firm currently has an underweight rating on the stock.

RMG has been the topic of a number of other reports. Jefferies Group restated an underperform rating and issued a GBX 320 ($4.34) target price on shares of Royal Mail in a report on Tuesday, October 3rd. Berenberg Bank upped their target price on shares of Royal Mail from GBX 375 ($5.09) to GBX 415 ($5.63) and gave the company a hold rating in a report on Friday, December 1st. JPMorgan Chase & Co. reduced their target price on shares of Royal Mail from GBX 550 ($7.46) to GBX 535 ($7.26) and set an overweight rating on the stock in a report on Thursday, November 2nd. restated a buy rating and issued a GBX 465 ($6.31) target price on shares of Royal Mail in a report on Wednesday, October 18th. Finally, Liberum Capital restated a sell rating and issued a GBX 370 ($5.02) target price on shares of Royal Mail in a report on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Royal Mail presently has an average rating of Hold and an average price target of GBX 426.58 ($5.78).

Royal Mail (LON RMG) traded up GBX 1 ($0.01) during trading hours on Friday, reaching GBX 464.20 ($6.30). 3,612,332 shares of the company’s stock were exchanged, compared to its average volume of 3,920,000. The stock has a market cap of $4,640.00 and a price-to-earnings ratio of 1,289.44. Royal Mail has a 52 week low of GBX 367.80 ($4.99) and a 52 week high of GBX 467.60 ($6.34).

The business also recently disclosed a dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 7th were issued a dividend of GBX 7.70 ($0.10) per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a dividend yield of 1.86%.

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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.

Analyst Recommendations for Royal Mail (LON:RMG)

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