JPMorgan Chase & Co. Reiterates Overweight Rating for Royal Mail (RMG)
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Royal Mail (LON:RMG) in a research report released on Friday morning. The brokerage currently has a GBX 530 ($7.43) target price on the stock.
A number of other analysts have also recently issued reports on the stock. Societe Generale began coverage on shares of Royal Mail in a research note on Friday. They issued a hold rating and a GBX 480 ($6.73) price objective for the company. Liberum Capital increased their price objective on shares of Royal Mail from GBX 395 ($5.54) to GBX 450 ($6.31) and gave the stock a sell rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Royal Mail from GBX 390 ($5.47) to GBX 410 ($5.75) and gave the stock an underweight rating in a research note on Friday, January 19th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research note on Friday, January 19th. Finally, Barclays reduced their price objective on shares of Royal Mail from GBX 535 ($7.50) to GBX 485 ($6.80) and set an overweight rating for the company in a research note on Friday, January 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 443.08 ($6.21).
Shares of Royal Mail (RMG) opened at GBX 512.80 ($7.19) on Friday. The stock has a market cap of $5,130.00 and a price-to-earnings ratio of 1,424.44. Royal Mail has a 52 week low of GBX 367.80 ($5.16) and a 52 week high of GBX 515.40 ($7.23).
About Royal Mail
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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