Royal Mail PLC (RMG) Given Overweight Rating at Barclays PLC
A number of other brokerages have also recently commented on RMG. Jefferies Group reissued an underperform rating and set a GBX 360 ($4.50) target price on shares of Royal Mail PLC in a report on Thursday, August 25th. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 600 ($7.50) target price on shares of Royal Mail PLC in a report on Thursday, September 8th. JPMorgan Chase & Co. reduced their target price 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. Liberum Capital reissued a sell rating and set a GBX 320 ($4.00) target price on shares of Royal Mail PLC in a report on Wednesday, September 28th. Finally, Davy Research reissued a neutral rating on shares of Royal Mail PLC in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 472.25 ($5.90).
Royal Mail PLC (LON:RMG) opened at 458.40 on Thursday. The company’s 50-day moving average price is GBX 485.62 and its 200-day moving average price is GBX 504.53. The stock’s market cap is GBX 4.58 billion. Royal Mail PLC has a 12-month low of GBX 412.80 and a 12-month high of GBX 549.00.
The business also recently announced a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be issued a GBX 7.40 ($0.09) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 1.59%.
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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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