Royal Mail PLC Lowered to “Neutral” at Espirito Santo Investment Bank Research (RMG)
Royal Mail PLC (LON:RMG) was downgraded by research analysts at Espirito Santo Investment Bank Research to a “neutral” rating in a report released on Tuesday. They currently have a GBX 560 ($9.42) price target on the stock, down from their previous price target of GBX 635 ($10.68). Espirito Santo Investment Bank Research’s price objective suggests a potential downside of 0.97% from the company’s current price.
A number of other firms have also recently commented on RMG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Royal Mail PLC in a research note on Friday. They now have a GBX 765 ($12.87) price target on the stock. Separately, analysts at Berenberg Bank initiated coverage on shares of Royal Mail PLC in a research note on Tuesday, May 13th. They set a “buy” rating and a GBX 700 ($11.77) price target on the stock. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 596.08 ($10.03).
Royal Mail PLC (LON:RMG) traded up 0.44% on Tuesday, hitting GBX 568.00. The stock had a trading volume of 1,434,863 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 536.9 and its 200-day moving average is GBX 569.4.
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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