Royal Mail PLC’s Underperform Rating Reaffirmed at Credit Suisse (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “underperform” rating reaffirmed by Credit Suisse in a research note issued on Wednesday. They currently have a GBX 360 ($5.97) target price on the stock. Credit Suisse’s target price points to a potential downside of 18.18% from the company’s current price.
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 ($8.07) to GBX 400 ($6.64) 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 ($8.55) price target on the stock. Finally, analysts at Investec cut their price target on shares of Royal Mail PLC from GBX 560 ($9.29) to GBX 490 ($8.13) 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 given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 534.36 ($8.87).
Shares of Royal Mail PLC (LON:RMG) traded down 0.77% during mid-day trading on Wednesday, hitting GBX 436.60. The stock had a trading volume of 1,603,151 shares. Royal Mail PLC has a 52-week low of GBX 398.28 and a 52-week high of GBX 618.00. The stock has a 50-day moving average of GBX 442. and a 200-day moving average of GBX 513.2. The company’s market cap is £4.366 billion.
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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