Royal Mail PLC (LON:RMG) Receives GBX 470.18 Average Price Target from Brokerages
Shares of Royal Mail PLC (LON:RMG) have received a consensus rating of “Hold” from the fifteen analysts that are covering the firm. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 470.18 ($6.14).
A number of brokerages have issued reports on RMG. Jefferies Group increased their price target on Royal Mail PLC from GBX 380 ($4.96) to GBX 400 ($5.22) and gave the stock an “underperform” rating in a research note on Friday, June 3rd. Royal Bank Of Canada increased their price target on Royal Mail PLC from GBX 525 ($6.85) to GBX 540 ($7.05) and gave the stock a “sector performer” rating in a research note on Friday, June 3rd. Goldman Sachs Group Inc. lowered Royal Mail PLC to a “neutral” rating and set a GBX 568 ($7.41) price target for the company. in a research note on Monday, June 27th. Morgan Stanley reiterated an “underweight” rating on shares of Royal Mail PLC in a research note on Friday, July 1st. Finally, FinnCap reiterated a “buy” rating and issued a GBX 213 ($2.78) price target on shares of Royal Mail PLC in a research note on Monday, July 4th.
In other Royal Mail PLC news, insider Lester,Matthew purchased 27,561 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was purchased at an average price of GBX 500 ($6.53) per share, with a total value of £137,805 ($179,878.61).
Shares of Royal Mail PLC (LON:RMG) opened at 489.50 on Wednesday. Royal Mail PLC has a 12 month low of GBX 412.80 and a 12 month high of GBX 549.00. The company’s 50 day moving average price is GBX 513.86 and its 200 day moving average price is GBX 502.63. The company’s market cap is GBX 4.89 billion.
About Royal Mail PLC
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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