Royal Mail (LON:RMG) had its price objective hoisted by investment analysts at Morgan Stanley from GBX 410 ($5.66) to GBX 440 ($6.08) in a research note issued on Monday. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 20.98% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Jefferies Group cut their target price on Royal Mail from GBX 330 ($4.56) to GBX 300 ($4.14) and set an “underperform” rating for the company in a research note on Friday, December 1st. Berenberg Bank increased their target price on Royal Mail from GBX 375 ($5.18) to GBX 415 ($5.73) and gave the stock a “hold” rating in a research note on Friday, December 1st. Societe Generale started coverage on Royal Mail in a research note on Friday, February 2nd. They set a “hold” rating and a GBX 480 ($6.63) target price for the company. JPMorgan Chase & Co. cut their target price on Royal Mail from GBX 550 ($7.60) to GBX 535 ($7.39) and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Liberum Capital reissued a “sell” rating and set a GBX 370 ($5.11) target price on shares of Royal Mail in a research note on Thursday, December 7th. Five analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 445.38 ($6.15).
Shares of Royal Mail (LON:RMG) opened at GBX 556.80 ($7.69) on Monday. The company has a market capitalization of $5,480.00 and a P/E ratio of 1,546.67. Royal Mail has a one year low of GBX 367.80 ($5.08) and a one year high of GBX 561.20 ($7.75).
Royal Mail Company Profile
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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