Cantor Fitzgerald Initiates Coverage on Royal Mail PLC (RMG)
Research analysts at Cantor Fitzgerald initiated coverage on shares of Royal Mail PLC (LON:RMG) in a report released on Tuesday, Analyst Ratings Network reports. The firm set a “sell” rating and a GBX 500 ($8.20) price target on the stock. Cantor Fitzgerald’s price objective suggests a potential downside of 14.24% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Royal Mail PLC in a research note to investors on Wednesday, December 18th. They now have a GBX 635 ($10.41) price target on the stock. Separately, analysts at UBS AG reiterated a “sell” rating on shares of Royal Mail PLC in a research note to investors on Wednesday, December 18th. They now have a GBX 450 ($7.38) price target on the stock. Finally, analysts at Nomura downgraded shares of Royal Mail PLC from a “neutral” rating to a “reduce” rating in a research note to investors on Wednesday, December 11th. They now have a GBX 490 ($8.04) price target on the stock, up previously from GBX 400 ($6.56). Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Royal Mail PLC has a consensus rating of “Hold” and an average target price of GBX 519.38 ($8.52).
Royal Mail PLC (LON:RMG) opened at 583.00 on Tuesday. Royal Mail PLC has a 52 week low of GBX 431.00 and a 52 week high of GBX 607.00. The stock has a 50-day moving average of GBX 574.0 and a 200-day moving average of GBX 557.6.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.