Royal Mail (RMG) Rating Reiterated by Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Wednesday morning. The brokerage currently has a GBX 450 ($6.22) price objective on the stock.
A number of other equities analysts have also recently issued reports on the company. Jefferies Group reaffirmed an underperform rating and issued a GBX 320 ($4.42) target price on shares of Royal Mail in a report on Thursday, November 9th. HSBC reissued a buy rating and issued a GBX 465 ($6.42) price target on shares of Royal Mail in a research note on Monday, November 20th. Deutsche Bank cut Royal Mail to a sell rating and decreased their price target for the company from GBX 450 ($6.22) to GBX 359 ($4.96) in a research note on Friday, December 1st. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 535 ($7.39) price target on shares of Royal Mail in a research note on Friday, November 17th. Finally, Royal Bank of Canada reissued a sector performer rating and issued a GBX 445 ($6.15) price target on shares of Royal Mail in a research note on Tuesday, December 5th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Royal Mail presently has a consensus rating of Hold and an average price target of GBX 452.69 ($6.25).
Royal Mail (LON:RMG) opened at GBX 566.60 ($7.83) on Wednesday. Royal Mail has a fifty-two week low of GBX 367.80 ($5.08) and a fifty-two week high of GBX 575 ($7.94). The stock has a market capitalization of $5,670.00 and a PE ratio of 1,573.89.
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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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