Royal Mail PLC (RMG) Given Sell Rating at Liberum Capital
Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Royal Mail PLC from GBX 525 ($6.85) to GBX 540 ($7.05) and gave the stock a sector performer rating in a research report on Friday, June 3rd. Jefferies Group raised their price objective on shares of Royal Mail PLC from GBX 380 ($4.96) to GBX 400 ($5.22) and gave the stock an underperform rating in a research report on Friday, June 3rd. Goldman Sachs Group Inc. cut shares of Royal Mail PLC to a neutral rating and set a GBX 568 ($7.41) price objective for the company. in a research report on Monday, June 27th. Credit Suisse Group AG raised their price objective on shares of Royal Mail PLC from GBX 490 ($6.40) to GBX 559 ($7.30) and gave the stock a neutral rating in a research report on Wednesday, June 1st. Finally, Deutsche Bank AG restated a hold rating and set a GBX 435 ($5.68) price objective on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 466 ($6.08).
Royal Mail PLC (LON:RMG) opened at 483.40 on Wednesday. The company’s 50-day moving average is GBX 515.47 and its 200 day moving average is GBX 502.98. The company’s market capitalization is GBX 4.83 billion. Royal Mail PLC has a one year low of GBX 412.80 and a one year high of GBX 549.00.
In other Royal Mail PLC news, insider Lester,Matthew bought 27,561 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were acquired at an average cost of GBX 500 ($6.53) per share, with a total value of £137,805 ($179,878.61).
Royal Mail PLC Company Profile
Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. The UKPIL segment provides letter and parcel services to and from countries across the world under reciprocal arrangements with other overseas postal administrations.
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