Morgan Stanley Increases Royal Mail (RMG) Price Target to GBX 410

Royal Mail (LON:RMG) had its target price hoisted by research analysts at Morgan Stanley from GBX 390 ($5.29) to GBX 410 ($5.56) in a report issued on Friday. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 11.51% from the company’s current price.

Several other equities analysts have also weighed in on RMG. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Friday. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 530 ($7.19) price objective on shares of Royal Mail in a report on Tuesday. Liberum Capital restated a “sell” rating and issued a GBX 370 ($5.02) price objective on shares of Royal Mail in a report on Monday. Barclays cut their price objective 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 report on Friday, January 5th. Finally, Credit Suisse Group lowered shares of Royal Mail to an “underperform” rating and cut their price objective for the company from GBX 492 ($6.67) to GBX 325 ($4.41) in a report on Tuesday, October 31st. 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. The stock presently has a consensus rating of “Hold” and an average price target of GBX 426.58 ($5.78).

Royal Mail (RMG) opened at GBX 463.32 ($6.28) on Friday. Royal Mail has a twelve month low of GBX 367.80 ($4.99) and a twelve month high of GBX 467.60 ($6.34). The firm has a market cap of $4,630.00 and a P/E ratio of 1,287.00.

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About Royal Mail

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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