Liberum Capital Cuts Royal Mail PLC (LON:RMG) Price Target to GBX 385
Royal Mail PLC (LON:RMG) had its price target dropped by investment analysts at Liberum Capital from GBX 400 ($5.18) to GBX 385 ($4.99) in a report issued on Friday. The firm currently has a “sell” rating on the stock. Liberum Capital’s price target would suggest a potential downside of 3.99% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. J P Morgan Chase & Co lowered their price objective on shares of Royal Mail PLC from GBX 600 ($7.77) to GBX 545 ($7.06) and set an “overweight” rating on the stock in a research note on Thursday, March 23rd. Jefferies Group LLC lowered their price objective on shares of Royal Mail PLC from GBX 360 ($4.66) to GBX 330 ($4.27) and set an “underperform” rating on the stock in a research note on Friday, April 28th. Investec restated a “buy” rating and set a GBX 550 ($7.12) target price on shares of Royal Mail PLC in a research note on Monday, May 22nd. Deutsche Bank AG restated a “hold” rating and set a GBX 450 ($5.83) target price on shares of Royal Mail PLC in a research note on Monday, June 5th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 535 ($6.93) target price on shares of Royal Mail PLC in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 482.40 ($6.25).
Royal Mail PLC (LON RMG) traded down 2.43% during trading on Friday, hitting GBX 401.00. 5,174,119 shares of the stock traded hands. The company’s market cap is GBX 3.97 billion. Royal Mail PLC has a 52-week low of GBX 397.40 and a 52-week high of GBX 527.60. The firm has a 50-day moving average price of GBX 433.77 and a 200 day moving average price of GBX 426.03.
The business also recently disclosed a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 15.60 ($0.20) per share. This is a positive change from Royal Mail PLC’s previous dividend of $7.40. This represents a yield of 3.62%. The ex-dividend date is Thursday, June 29th.
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About Royal Mail PLC
Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.
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