Royal Mail (LON:RMG) was downgraded by Royal Bank of Canada to a “sector performer” rating in a research note issued to investors on Friday. They currently have a GBX 500 ($7.07) target price on the stock, up from their prior target price of GBX 465 ($6.57). Royal Bank of Canada’s target price indicates a potential downside of 10.84% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Liberum Capital upped their price target on Royal Mail from GBX 395 ($5.58) to GBX 450 ($6.36) and gave the stock a “sell” rating in a research report on Friday, February 2nd. Deutsche Bank upped their price target on Royal Mail from GBX 359 ($5.07) to GBX 440 ($6.22) and gave the stock a “sell” rating in a research report on Friday, February 2nd. Barclays reduced their price target on Royal Mail from GBX 535 ($7.56) to GBX 485 ($6.86) and set an “overweight” rating for the company in a research report on Friday, January 5th. JPMorgan Chase restated an “overweight” rating and issued a GBX 530 ($7.49) price target on shares of Royal Mail in a research report on Friday, February 2nd. Finally, Societe Generale began coverage on Royal Mail in a research report on Friday, February 2nd. They issued a “hold” rating and a GBX 480 ($6.78) price target for the company. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 456.92 ($6.46).
Shares of RMG opened at GBX 560.80 ($7.93) on Friday. Royal Mail has a 52 week low of GBX 367.80 ($5.20) and a 52 week high of GBX 575 ($8.13).
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Royal Mail Company Profile
Royal Mail plc operates as an universal postal service provider in the United Kingdom and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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