Jefferies Group LLC Cuts Royal Mail PLC (RMG) Price Target to GBX 320
Royal Mail PLC (LON:RMG) had its target price decreased by equities research analysts at Jefferies Group LLC from GBX 350 ($4.72) to GBX 320 ($4.31) in a note issued to investors on Monday. The firm currently has an “underperform” rating on the stock. Jefferies Group LLC’s target price suggests a potential downside of 15.07% from the company’s current price.
Other analysts have also issued reports about the company. Liberum Capital reiterated a “sell” rating and set a GBX 400 ($5.39) price objective on shares of Royal Mail PLC in a report on Monday, June 5th. Barclays PLC restated an “overweight” rating and set a GBX 535 ($7.21) target price on shares of Royal Mail PLC in a report on Monday, July 10th. Deutsche Bank AG restated a “hold” rating and set a GBX 450 ($6.07) target price on shares of Royal Mail PLC in a report on Monday, June 5th. J P Morgan Chase & Co cut their target price on Royal Mail PLC from GBX 565 ($7.62) to GBX 550 ($7.42) and set an “overweight” rating on the stock in a report on Monday, July 10th. Finally, HSBC Holdings plc upgraded Royal Mail PLC to a “buy” rating and cut their target price for the company from GBX 475 ($6.40) to GBX 465 ($6.27) in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Royal Mail PLC currently has an average rating of “Hold” and an average price target of GBX 467 ($6.30).
Royal Mail PLC (LON:RMG) traded down 1.04% during trading on Monday, hitting GBX 372.90. The stock had a trading volume of 3,091,611 shares. The firm’s 50-day moving average price is GBX 391.73 and its 200-day moving average price is GBX 412.27. The stock’s market cap is GBX 3.69 billion. Royal Mail PLC has a 1-year low of GBX 370.10 and a 1-year high of GBX 526.00.
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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