Royal Mail (RMG) Price Target Cut to GBX 410

Royal Mail (LON:RMG) had its target price decreased by Barclays from GBX 605 ($7.91) to GBX 410 ($5.36) in a report issued on Wednesday morning. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the company. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, August 23rd. HSBC lifted their price objective on Royal Mail from GBX 550 ($7.19) to GBX 552 ($7.21) and gave the company a buy rating in a research note on Tuesday, September 11th. Liberum Capital reissued a sell rating on shares of Royal Mail in a research note on Tuesday, July 17th. Royal Bank of Canada reissued a sector perform rating on shares of Royal Mail in a research note on Monday, October 1st. Finally, UBS Group reissued a neutral rating on shares of Royal Mail in a research note on Tuesday, October 2nd. Nine research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Royal Mail currently has an average rating of Hold and a consensus price target of GBX 384.93 ($5.03).

Royal Mail stock opened at GBX 340.60 ($4.45) on Wednesday. Royal Mail has a one year low of GBX 367.80 ($4.81) and a one year high of GBX 575 ($7.51).

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, 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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