Jefferies Group Reaffirms Underperform Rating for Royal Mail PLC (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Group in a report released on Friday. They currently have a GBX 410 ($5.12) price objective on the stock. Jefferies Group’s target price indicates a potential downside of 11.64% from the stock’s previous close.
Several other brokerages have also weighed in on RMG. Davy Research reissued a “neutral” rating on shares of Royal Mail PLC in a report on Thursday. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 600 ($7.50) price objective on shares of Royal Mail PLC in a report on Thursday, September 8th. JPMorgan Chase & Co. reduced their price objective on Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating for the company in a report on Tuesday, September 20th. Royal Bank Of Canada reduced their price objective on Royal Mail PLC from GBX 540 ($6.75) to GBX 500 ($6.25) and set a “sector perform” rating for the company in a report on Friday, July 22nd. Finally, Liberum Capital reissued a “sell” rating and set a GBX 320 ($4.00) price objective on shares of Royal Mail PLC in a report on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 470.17 ($5.87).
Royal Mail PLC (LON:RMG) opened at 464.00 on Friday. The stock has a 50 day moving average price of GBX 489.63 and a 200 day moving average price of GBX 505.53. Royal Mail PLC has a 52 week low of GBX 412.80 and a 52 week high of GBX 549.00. The company’s market cap is GBX 4.64 billion.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be given a GBX 7.40 ($0.09) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.59%.
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. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.
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