Royal Mail PLC (RMG) Given New GBX 410 Price Target at Jefferies Group
Royal Mail PLC (LON:RMG) had its target price hoisted by Jefferies Group from GBX 400 ($4.95) to GBX 410 ($5.08) in a research report issued to clients and investors on Friday. The firm presently has an “underperform” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 15.15% from the company’s previous close.
RMG has been the subject of several other reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 600 ($7.43) price objective on shares of Royal Mail PLC in a research report on Thursday, September 8th. Liberum Capital reiterated a “sell” rating and set a GBX 320 ($3.96) price objective on shares of Royal Mail PLC in a research report on Wednesday, September 28th. JPMorgan Chase & Co. decreased their price objective on shares of Royal Mail PLC from GBX 605 ($7.49) to GBX 580 ($7.18) and set an “overweight” rating for the company in a research report on Tuesday, September 20th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 435 ($5.39) price objective on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 575 ($7.12) 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 given 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 470.17 ($5.82).
Shares of Royal Mail PLC (LON:RMG) opened at 483.20 on Friday. The firm’s 50-day moving average is GBX 493.50 and its 200 day moving average is GBX 505.52. The company’s market capitalization is GBX 4.83 billion. Royal Mail PLC has a 12 month low of GBX 412.80 and a 12 month high of GBX 549.00.
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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