Royal Mail (RMG) PT Lowered to GBX 530
Royal Mail (LON:RMG) had its price target lowered by equities researchers at J P Morgan Chase & Co from GBX 535 ($7.20) to GBX 530 ($7.13) in a research report issued on Tuesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 19.32% from the stock’s previous close.
Several other analysts also recently commented on the company. Liberum Capital reaffirmed a “sell” rating and set a GBX 370 ($4.98) price objective on shares of Royal Mail in a research note on Thursday, December 7th. Jefferies Group reaffirmed an “underperform” rating and set a GBX 300 ($4.04) price objective on shares of Royal Mail in a research note on Thursday, December 7th. Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 445 ($5.99) price objective on shares of Royal Mail in a research note on Tuesday, December 5th. Deutsche Bank downgraded Royal Mail to a “sell” rating and reduced their price objective for the company from GBX 450 ($6.06) to GBX 359 ($4.83) in a research note on Friday, December 1st. Finally, Berenberg Bank upped their price objective on Royal Mail from GBX 375 ($5.05) to GBX 415 ($5.59) and gave the company a “hold” rating in a research note on Friday, December 1st. Five analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 429.08 ($5.78).
Shares of Royal Mail (LON RMG) opened at GBX 444.20 ($5.98) on Tuesday. Royal Mail has a one year low of GBX 367.80 ($4.95) and a one year high of GBX 467.60 ($6.29).
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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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