Royal Mail (RMG) Earns “Sell” Rating from Liberum Capital
Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by stock analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 370 ($5.02) price target on the stock. Liberum Capital’s target price indicates a potential downside of 18.88% from the stock’s current price.
A number of other equities analysts have also recently issued reports on RMG. Barclays dropped their price target on shares of Royal Mail from GBX 535 ($7.26) to GBX 485 ($6.58) and set an “overweight” rating on the stock in a research note on Friday, January 5th. JPMorgan Chase & Co. dropped their price target on shares of Royal Mail from GBX 535 ($7.26) to GBX 530 ($7.19) and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Morgan Stanley upped their price target on shares of Royal Mail from GBX 385 ($5.22) to GBX 390 ($5.29) and gave the stock an “underweight” rating in a research note on Wednesday, November 22nd. Credit Suisse Group cut shares of Royal Mail to an “underperform” rating and dropped their price target for the stock from GBX 492 ($6.67) to GBX 325 ($4.41) in a research note on Tuesday, October 31st. Finally, Jefferies Group reiterated an “underperform” rating and issued a GBX 320 ($4.34) price target on shares of Royal Mail in a research note on Tuesday, October 3rd. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Royal Mail currently has an average rating of “Hold” and a consensus target price of GBX 424.92 ($5.76).
Shares of Royal Mail (RMG) traded down GBX 6.70 ($0.09) during trading on Monday, reaching GBX 456.10 ($6.19). 2,370,000 shares of the company were exchanged, compared to its average volume of 4,240,000. The company has a market cap of $4,560.00 and a PE ratio of 1,266.94. Royal Mail has a 52 week low of GBX 367.80 ($4.99) and a 52 week high of GBX 466.70 ($6.33).
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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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