Royal Bank Of Canada Reiterates “Sector Performer” Rating for Royal Mail (RMG)
Royal Mail (LON:RMG)‘s stock had its “sector performer” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Tuesday. They currently have a GBX 445 ($5.99) target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 2.11% from the company’s previous close.
A number of other research analysts have also commented on the company. reaffirmed a “buy” rating and issued a GBX 465 ($6.26) price objective on shares of Royal Mail in a report on Wednesday, October 18th. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 320 ($4.31) price objective on shares of Royal Mail in a report on Thursday, November 9th. HSBC reaffirmed a “buy” rating and issued a GBX 465 ($6.26) price objective on shares of Royal Mail in a report on Monday, November 20th. J P Morgan Chase & Co decreased their price objective on Royal Mail from GBX 550 ($7.40) to GBX 535 ($7.20) and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 385 ($5.18) target price on shares of Royal Mail in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 429.50 ($5.78).
Shares of Royal Mail (RMG) traded up GBX 6.68 ($0.09) during midday trading on Tuesday, reaching GBX 435.78 ($5.87). The company’s stock had a trading volume of 7,949,203 shares, compared to its average volume of 5,810,000. Royal Mail has a 52-week low of GBX 367.80 ($4.95) and a 52-week high of GBX 470.50 ($6.33).
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.
Receive News & Ratings for Royal Mail PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail PLC and related companies with MarketBeat.com's FREE daily email newsletter.