Royal Mail PLC Price Target Cut to GBX 486 by Analysts at Deutsche Bank (RMG)
Investment analysts at Deutsche Bank cut their price objective on shares of Royal Mail PLC (LON:RMG) from GBX 587 ($10.05) to GBX 486 ($8.32) in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 3.39% from the stock’s previous close.
Shares of Royal Mail PLC (LON:RMG) traded down 1.97% on Thursday, hitting GBX 470.05. The stock had a trading volume of 5,028,294 shares. Royal Mail PLC has a 1-year low of GBX 431.00 and a 1-year high of GBX 618.00. The stock has a 50-day moving average of GBX 492. and a 200-day moving average of GBX 547.8. The company’s market cap is £4.701 billion.
A number of other analysts have also recently weighed in on RMG. Analysts at JPMorgan Chase & Co. cut their price target on shares of Royal Mail PLC from GBX 765 ($13.10) to GBX 745 ($12.75) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Beaufort Securities upgraded shares of Royal Mail PLC to a “buy” rating in a research note on Thursday. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Royal Mail PLC in a research note on Wednesday. They now have a GBX 505 ($8.65) price target on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 588 ($10.07).
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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