Royal Mail PLC Rating Reiterated by Berenberg Bank (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Friday. They currently have a GBX 700 ($11.77) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 34.87% from the stock’s previous close.
Shares of Royal Mail PLC (LON:RMG) opened at 521.845 on Friday. 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 536.0 and its 200-day moving average is GBX 569.0.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 2nd will be given a dividend of GBX 13.30 ($0.22) per share. This represents a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, July 2nd.
A number of other firms have also recently commented on RMG. Analysts at Barclays reiterated an “equal weight” rating on shares of Royal Mail PLC in a research note on Friday. They now have a GBX 925 ($15.56) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Royal Mail PLC in a research note on Friday. They now have a GBX 460 ($7.74) price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Royal Mail PLC to a “neutral” rating in a research note on Friday. They now have a GBX 531 ($8.93) price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 616 ($10.36).
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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