Royal Mail PLC (RMG) Earns Hold Rating from Analysts at Berenberg Bank
Investment analysts at Berenberg Bank initiated coverage on shares of Royal Mail PLC (LON:RMG) in a research report issued on Tuesday. The brokerage set a “hold” rating and a GBX 375 ($4.95) price target on the stock. Berenberg Bank’s price target would suggest a potential downside of 3.77% from the stock’s current price.
A number of other research analysts have also weighed in on RMG. Liberum Capital restated a “sell” rating and set a GBX 385 ($5.08) price objective on shares of Royal Mail PLC in a research report on Thursday, October 26th. Jefferies Group LLC restated 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. HSBC Holdings plc restated a “buy” rating and set a GBX 465 ($6.14) price objective on shares of Royal Mail PLC in a research report on Tuesday, October 10th. J P Morgan Chase & Co dropped their price target on 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. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 535 ($7.06) price target on shares of Royal Mail PLC in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 439.44 ($5.80).
Shares of Royal Mail PLC (RMG) opened at 370.60 on Tuesday. The company’s market cap is GBX 3.67 billion. The stock has a 50 day moving average price of GBX 382.84 and a 200-day moving average price of GBX 406.36. Royal Mail PLC has a 1-year low of GBX 368.30 and a 1-year high of GBX 501.00.
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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