Royal Mail PLC (RMG) Receives Consensus Rating of “Hold” from Brokerages
Royal Mail PLC (LON:RMG) has received an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 467 ($6.16).
A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co cut their price objective on shares of Royal Mail PLC from GBX 565 ($7.46) to GBX 550 ($7.26) and set an “overweight” rating for the company in a research report on Monday, July 10th. Liberum Capital cut their price objective on shares of Royal Mail PLC from GBX 400 ($5.28) to GBX 385 ($5.08) and set a “sell” rating for the company in a research report on Friday, July 14th. Barclays PLC reissued an “overweight” rating and set a GBX 535 ($7.06) price objective on shares of Royal Mail PLC in a research report on Monday, July 10th. HSBC Holdings plc raised shares of Royal Mail PLC to a “buy” rating and cut their price objective for the company from GBX 475 ($6.27) to GBX 465 ($6.14) in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued an “underperform” rating and set a GBX 320 ($4.22) price objective on shares of Royal Mail PLC in a research report on Tuesday, October 3rd.
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Royal Mail PLC (RMG) opened at 380.10 on Friday. The company’s market capitalization is GBX 3.76 billion. The stock has a 50 day moving average price of GBX 382.38 and a 200-day moving average price of GBX 406.87. Royal Mail PLC has a 12-month low of GBX 368.26 and a 12-month high of GBX 501.00.
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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