Royal Mail PLC (RMG) Given Consensus Recommendation of “Hold” by Analysts
Royal Mail PLC (LON:RMG) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 468.25 ($6.05).
RMG has been the subject of several recent analyst reports. Liberum Capital reissued a “sell” rating and set a GBX 400 ($5.17) price objective on shares of Royal Mail PLC in a report on Thursday, May 18th. J P Morgan Chase & Co raised their price objective on shares of Royal Mail PLC from GBX 545 ($7.04) to GBX 565 ($7.30) and gave the stock an “overweight” rating in a report on Friday, May 19th. Investec reissued a “buy” rating and set a GBX 550 ($7.10) price objective on shares of Royal Mail PLC in a report on Monday, May 22nd. Deutsche Bank AG reissued a “hold” rating and set a GBX 450 ($5.81) price objective on shares of Royal Mail PLC in a report on Monday, June 5th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 535 ($6.91) price objective on shares of Royal Mail PLC in a report on Monday, June 26th.
Royal Mail PLC (LON RMG) opened at 376.00 on Friday. Royal Mail PLC has a 52 week low of GBX 370.01 and a 52 week high of GBX 527.00. The company’s 50 day moving average is GBX 395.03 and its 200-day moving average is GBX 413.70. The firm’s market cap is GBX 3.72 billion.
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Royal Mail PLC Company Profile
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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