Jefferies Group Reaffirms “Underperform” Rating for Royal Mail (RMG)

Jefferies Group restated their underperform rating on shares of Royal Mail (LON:RMG) in a report issued on Thursday morning, StockTargetPrices.com reports. Jefferies Group currently has a GBX 300 ($4.04) target price on the stock.

Several other research analysts also recently commented on the stock. reaffirmed a buy rating and issued a GBX 465 ($6.26) target price on shares of Royal Mail in a research note on Wednesday, October 18th. HSBC reaffirmed a buy rating and issued a GBX 465 ($6.26) target price on shares of Royal Mail in a research note on Monday, November 20th. J P Morgan Chase & Co decreased their target price on shares of 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. Liberum Capital reaffirmed a sell rating and issued a GBX 385 ($5.18) target price on shares of Royal Mail in a research note on Thursday, November 16th. Finally, Berenberg Bank started coverage on shares of Royal Mail in a research note on Tuesday, October 31st. They issued a hold rating and a GBX 375 ($5.05) target price on the stock. Five analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 429.50 ($5.78).

Royal Mail (LON:RMG) opened at GBX 435.78 ($5.87) on Thursday. Royal Mail has a one year low of GBX 367.80 ($4.95) and a one year high of GBX 470.50 ($6.33).

The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 7th will be issued a GBX 7.70 ($0.10) dividend. This represents a yield of 1.86%. The ex-dividend date is Thursday, December 7th.

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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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