Royal Mail PLC Receives Underperform Rating from Credit Suisse (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Friday. They currently have a GBX 460 ($7.74) price objective on the stock. Credit Suisse’s price target would indicate a potential downside of 11.37% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank initiated coverage on shares of Royal Mail PLC in a research note on Friday. They set a “hold” rating and a GBX 587 ($9.87) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Royal Mail PLC in a research note on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Royal Mail PLC presently has a consensus rating of “Hold” and an average price target of GBX 616 ($10.36).
Royal Mail PLC (LON:RMG) opened at 514.00 on Friday. Royal Mail PLC has a one year low of GBX 431.00 and a one year 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. Shareholders 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.
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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