Royal Mail PLC Given Underperform Rating at Credit Suisse (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday. They currently have a GBX 460 ($7.71) target price on the stock. Credit Suisse’s price target would indicate a potential downside of 11.03% from the stock’s previous close.
Shares of Royal Mail PLC (LON:RMG) opened at 517.85 on Wednesday. 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 534.2 and its 200-day moving average is GBX 566.5.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Investors 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.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe cut their price target on shares of Royal Mail PLC from GBX 500 ($8.38) to GBX 480 ($8.05) in a research note on Wednesday, May 28th. They now have a “sell” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Royal Mail PLC in a research note on Tuesday, May 27th. They now have a GBX 765 ($12.82) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Royal Mail PLC in a research note on Friday, May 23rd. They now have a GBX 700 ($11.74) price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 614.46 ($10.30).
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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