Royal Mail PLC PT Lowered to GBX 360 (RMG)
Analysts at Credit Suisse lowered their price objective on shares of Royal Mail PLC (LON:RMG) from GBX 460 ($7.74) to GBX 360 ($6.06) in a research report issued to clients and investors on Tuesday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective suggests a potential downside of 11.22% from the company’s current price.
Royal Mail PLC (LON:RMG) traded down 3.61% during mid-day trading on Tuesday, hitting GBX 405.50. The stock had a trading volume of 4,207,727 shares. Royal Mail PLC has a 52-week low of GBX 412.405 and a 52-week high of GBX 618.00. The stock has a 50-day moving average of GBX 467.0 and a 200-day moving average of GBX 534.5. The company’s market cap is £4.055 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Royal Mail PLC from GBX 486 ($8.18) to GBX 400 ($6.73) in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Royal Mail PLC in a research note on Wednesday, July 23rd. They now have a GBX 515 ($8.67) price target on the stock. Finally, analysts at Investec cut their price target on shares of Royal Mail PLC from GBX 560 ($9.42) to GBX 490 ($8.24) in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Four equities 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 company. Royal Mail PLC presently has an average rating of “Hold” and an average target price of GBX 534.36 ($8.99).
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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