Royal Mail PLC Given Consensus Rating of “Hold” by Analysts (LON:RMG)
Shares of Royal Mail PLC (LON:RMG) have received a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Analyst Ratings News reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 534.36 ($8.87).
Royal Mail PLC (LON:RMG) opened at 427.20 on Friday. Royal Mail PLC has a one year low of GBX 398.28 and a one year high of GBX 618.00. The stock’s 50-day moving average is GBX 439.4 and its 200-day moving average is GBX 511.6. The company’s market cap is £4.272 billion.
A number of analysts have recently weighed in on RMG shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Royal Mail PLC in a research note on Wednesday. They now have a GBX 360 ($5.97) price target on the stock. Finally, 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.
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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