Royal Mail PLC’s (RMG) Underperform Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC restated their underperform rating on shares of Royal Mail PLC (LON:RMG) in a research report report published on Tuesday. The brokerage currently has a GBX 320 ($4.24) target price on the stock.
Several other research firms have also recently issued reports on RMG. Liberum Capital reissued a sell rating and issued a GBX 400 ($5.31) target price on shares of Royal Mail PLC in a research report on Monday, June 5th. Deutsche Bank AG reissued a hold rating and issued a GBX 450 ($5.97) target price on shares of Royal Mail PLC in a research report on Monday, June 5th. Barclays PLC reissued an overweight rating and issued a GBX 535 ($7.10) target price on shares of Royal Mail PLC in a research report on Monday, June 26th. J P Morgan Chase & Co decreased their target price on shares of Royal Mail PLC from GBX 565 ($7.49) to GBX 550 ($7.30) and set an overweight rating on the stock in a research report on Monday, July 10th. Finally, HSBC Holdings plc raised shares of Royal Mail PLC to a buy rating and reduced their price target for the company from GBX 475 ($6.30) to GBX 465 ($6.17) in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Royal Mail PLC presently has an average rating of Hold and an average target price of GBX 467 ($6.19).
Shares of Royal Mail PLC (LON RMG) opened at 375.50 on Tuesday. The company’s 50-day moving average is GBX 385.24 and its 200 day moving average is GBX 410.13. The stock’s market capitalization is GBX 3.72 billion. Royal Mail PLC has a 52 week low of GBX 368.26 and a 52 week high of GBX 501.00.
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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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