Royal Bank Of Canada Reiterates Sector Performer Rating for Royal Mail (RMG)

Royal Mail (LON:RMG)‘s stock had its “sector performer” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued on Tuesday. They presently have a GBX 445 ($5.99) price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 3.30% from the stock’s previous close.

Several other equities analysts have also commented on the company. reaffirmed a “buy” rating and issued a GBX 465 ($6.26) price target on shares of Royal Mail in a research note on Wednesday, October 18th. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 320 ($4.31) price target on shares of Royal Mail in a research note on Thursday, November 9th. J P Morgan Chase & Co decreased their price target on Royal Mail from GBX 550 ($7.40) to GBX 535 ($7.20) and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. HSBC reaffirmed a “buy” rating and issued a GBX 465 ($6.26) price target on shares of Royal Mail in a research note on Monday, November 20th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 385 ($5.18) price target on shares of Royal Mail in a research note on Thursday, November 16th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 430.75 ($5.80).

Shares of Royal Mail (LON:RMG) opened at GBX 430.80 ($5.80) on Tuesday. Royal Mail has a twelve month low of GBX 367.80 ($4.95) and a twelve month high of GBX 474 ($6.38).

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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.

Analyst Recommendations for Royal Mail (LON:RMG)

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