Citigroup Inc. Initiates Coverage on Royal Mail PLC (RMG)
Research analysts at Citigroup Inc. started coverage on shares of Royal Mail PLC (LON:RMG) in a report released on Monday, AnalystRatingsNetwork.com reports. The firm set a “sell” rating and a GBX 531 ($8.75) price target on the stock. Citigroup Inc.’s target price suggests a potential downside of 5.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “hold” rating on shares of Royal Mail PLC in a research note to investors on Friday. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Royal Mail PLC in a research note to investors on Friday. They now have a GBX 635 ($10.46) price target on the stock. Finally, analysts at Beaufort Securities downgraded shares of Royal Mail PLC to a “hold” rating in a research note to investors on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Royal Mail PLC presently has an average rating of “Hold” and a consensus target price of GBX 547 ($9.01).
Shares of Royal Mail PLC (LON:RMG) traded down 2.36% on Monday, hitting GBX 559.00. The stock had a trading volume of 2,866,041 shares. Royal Mail PLC has a 52-week low of GBX 431.00 and a 52-week high of GBX 618.00. The stock has a 50-day moving average of GBX 583.6 and a 200-day moving average of GBX 562.7.
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