Royal Mail PLC (RMG) Receives Overweight Rating from J P Morgan Chase & Co
Royal Mail PLC (LON:RMG)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. They currently have a GBX 550 ($7.18) target price on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 39.42% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Liberum Capital restated a “sell” rating and issued a GBX 400 ($5.22) price target on shares of Royal Mail PLC in a research note on Thursday, May 18th. Barclays PLC restated an “overweight” rating and issued a GBX 535 ($6.99) price target on shares of Royal Mail PLC in a research note on Monday, July 10th. Deutsche Bank AG restated a “hold” rating and issued a GBX 450 ($5.88) price target on shares of Royal Mail PLC in a research note on Monday, June 5th. Investec restated a “buy” rating and issued a GBX 550 ($7.18) price target on shares of Royal Mail PLC in a research note on Monday, May 22nd. Finally, Jefferies Group LLC dropped their price target on Royal Mail PLC from GBX 360 ($4.70) to GBX 330 ($4.31) and set an “underperform” rating on the stock in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 480.44 ($6.27).
Shares of Royal Mail PLC (LON RMG) traded down 0.90% during midday trading on Thursday, hitting GBX 394.50. 3,541,442 shares of the stock traded hands. The company’s market capitalization is GBX 3.91 billion. The firm’s 50 day moving average price is GBX 424.92 and its 200 day moving average price is GBX 421.40. Royal Mail PLC has a 12-month low of GBX 391.95 and a 12-month high of GBX 527.50.
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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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