Royal Mail (LON:RMG) had its price target reduced by investment analysts at JPMorgan Chase & Co. from GBX 535 ($7.15) to GBX 530 ($7.09) in a report issued on Tuesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 15.82% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the company. Liberum Capital reaffirmed a “sell” rating and set a GBX 385 ($5.15) price objective on shares of Royal Mail in a research note on Wednesday, September 6th. Jefferies Group dropped their target price on shares of Royal Mail from GBX 350 ($4.68) to GBX 320 ($4.28) and set an “underperform” rating for the company in a report on Monday, September 18th. reiterated a “buy” rating and set a GBX 465 ($6.22) target price on shares of Royal Mail in a report on Tuesday, October 10th. Berenberg Bank assumed coverage on shares of Royal Mail in a report on Tuesday, October 31st. They issued a “hold” rating and a GBX 375 ($5.01) price objective for the company. Finally, Credit Suisse Group downgraded shares of Royal Mail to an “underperform” rating and decreased their target price for the company from GBX 492 ($6.58) to GBX 325 ($4.35) in a research note on Tuesday, October 31st. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Royal Mail presently has a consensus rating of “Hold” and a consensus price target of GBX 429.08 ($5.74).
Royal Mail (LON:RMG) opened at GBX 457.60 ($6.12) on Tuesday. Royal Mail has a 12 month low of GBX 367.80 ($4.92) and a 12 month high of GBX 466.60 ($6.24). The company has a market capitalization of $4,590.00 and a P/E ratio of 1,271.11.
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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