Jefferies Group Lowers Royal Mail PLC (RMG) Price Target to GBX 390
Royal Mail PLC (LON:RMG) had its target price lowered by investment analysts at Jefferies Group from GBX 410 ($5.12) to GBX 390 ($4.87) in a report released on Monday. The brokerage presently has a ” underperform” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 15.97% from the company’s previous close.
A number of other analysts have also recently weighed in on RMG. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 600 ($7.50) price target on shares of Royal Mail PLC in a research report on Thursday, September 8th. JPMorgan Chase & Co. decreased their price target on shares of Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating for the company in a research report on Tuesday, September 20th. Liberum Capital reaffirmed a “sell” rating and set a GBX 320 ($4.00) price target on shares of Royal Mail PLC in a research report on Wednesday, September 28th. Davy Research reaffirmed a “neutral” rating on shares of Royal Mail PLC in a research report on Thursday. Finally, Beaufort Securities cut shares of Royal Mail PLC to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Royal Mail PLC has a consensus rating of “Hold” and an average target price of GBX 472.25 ($5.90).
Royal Mail PLC (LON:RMG) opened at 465.10 on Monday. The stock’s market cap is GBX 4.65 billion. The firm’s 50 day moving average price is GBX 489.39 and its 200 day moving average price is GBX 505.42. Royal Mail PLC has a one year low of GBX 412.80 and a one year high of GBX 549.00.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.59%.
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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