Royal Mail PLC (RMG) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Royal Mail PLC (LON:RMG)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They presently have a GBX 580 ($7.25) target price on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 25.00% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Royal Mail PLC in a report on Friday. Beaufort Securities cut Royal Mail PLC to a “hold” rating in a report on Friday. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 410 ($5.12) price objective on shares of Royal Mail PLC in a report on Friday. Davy Research reissued a “neutral” rating on shares of Royal Mail PLC in a report on Thursday. Finally, Royal Bank Of Canada lowered their price target 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Royal Mail PLC presently has a consensus rating of “Hold” and an average price target of GBX 470.17 ($5.87).
Shares of Royal Mail PLC (LON:RMG) opened at 471.80 on Friday. Royal Mail PLC has a one year low of GBX 412.80 and a one year high of GBX 549.00. The company’s market cap is GBX 4.72 billion. The stock’s 50 day moving average price is GBX 489.63 and its 200 day moving average price is GBX 505.53.
The company also recently declared a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be paid a dividend of GBX 7.40 ($0.09) per share. This represents a yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 8th.
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. 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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