Royal Mail PLC (RMG) Receives Average Recommendation of “Hold” from Analysts
Royal Mail PLC (LON:RMG) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 467 ($6.19).
A number of brokerages recently weighed in on RMG. HSBC Holdings plc raised shares of Royal Mail PLC to a “buy” rating and cut their price target for the stock from GBX 475 ($6.30) to GBX 465 ($6.17) in a report on Monday, July 31st. J P Morgan Chase & Co reduced their price target on shares of Royal Mail PLC from GBX 565 ($7.49) to GBX 550 ($7.30) and set an “overweight” rating for the company in a research report on Monday, July 10th. Barclays PLC restated an “overweight” rating and set a GBX 535 ($7.10) price objective on shares of Royal Mail PLC in a report on Monday, July 10th. Liberum Capital restated a “sell” rating and set a GBX 385 ($5.11) price objective on shares of Royal Mail PLC in a report on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and issued a GBX 320 ($4.24) price objective on shares of Royal Mail PLC in a research report on Tuesday.
Shares of Royal Mail PLC (LON:RMG) opened at 384.20 on Wednesday. The company’s 50-day moving average price is GBX 386.86 and its 200 day moving average price is GBX 410.66. Royal Mail PLC has a 12-month low of GBX 370.10 and a 12-month high of GBX 501.00. The firm’s market capitalization is GBX 3.81 billion.
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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