Royal Mail PLC’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 700 ($11.53) price objective on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 25.22% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Royal Mail PLC in a research note to investors on Monday. Separately, 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. Finally, analysts at Investec reiterated a “hold” rating on shares of Royal Mail PLC in a research note to investors on Friday. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 547 ($9.01).
Shares of Royal Mail PLC (LON:RMG) traded down 2.36% during mid-day trading on Monday, hitting GBX 559.00. 2,866,041 shares of the company’s stock traded hands. 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 584.9 and its 200-day moving average is GBX 562.8.
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