Liberum Capital Reaffirms “Sell” Rating for Royal Mail PLC (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “sell” rating reissued by equities research analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 385 ($4.97) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 2.39% from the company’s current price.
Several other equities research analysts also recently commented on the company. Investec reissued a “buy” rating and issued a GBX 550 ($7.10) price objective on shares of Royal Mail PLC in a report on Monday, May 22nd. Barclays PLC reissued an “overweight” rating and issued a GBX 535 ($6.91) price objective on shares of Royal Mail PLC in a report on Monday, June 26th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 565 ($7.30) price objective on shares of Royal Mail PLC in a report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 450 ($5.81) price objective on shares of Royal Mail PLC in a report on Monday, June 5th. Finally, HSBC Holdings plc raised Royal Mail PLC to a “buy” rating and cut their price objective for the company from GBX 475 ($6.13) to GBX 465 ($6.01) in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 468.25 ($6.05).
Shares of Royal Mail PLC (RMG) traded down 0.29% during mid-day trading on Wednesday, hitting GBX 376.00. 3,483,438 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 395.03 and a 200 day moving average price of GBX 413.70. The company’s market capitalization is GBX 3.72 billion. Royal Mail PLC has a 12-month low of GBX 370.10 and a 12-month high of GBX 527.50.
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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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