Royal Mail PLC Given “Hold” Rating at Beaufort Securities (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “hold” rating reaffirmed by stock analysts at Beaufort Securities in a report issued on Monday, AmericanBankingNews.com reports.
Shares of Royal Mail PLC (LON:RMG) traded down 2.36% during mid-day trading 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’s 50-day moving average is GBX 583.6 and its 200-day moving average is GBX 562.7.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of Royal Mail PLC in a research note to investors on Monday. They set a “sell” rating and a GBX 531 ($8.75) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Royal Mail PLC in a research note to investors on Friday. Finally, 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 547 ($9.01).
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