Royal Mail PLC Rating Reiterated by Barclays (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 500 ($8.24) price target on the stock. Barclays’ price objective points to a potential downside of 10.55% from the company’s current price.
RMG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Royal Mail PLC in a research note to investors on Monday. They now have a GBX 700 ($11.53) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Royal Mail PLC in a research note to investors on Monday. Finally, 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. Four 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 one year low of GBX 431.00 and a one year 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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