Royal Mail (LON:RMG) had its target price raised by research analysts at Morgan Stanley from GBX 410 ($5.66) to GBX 440 ($6.08) in a note issued to investors on Monday. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 19.56% from the company’s current price.
A number of other analysts have also weighed in on RMG. Societe Generale assumed coverage on shares of Royal Mail in a report on Friday, February 2nd. They set a “hold” rating and a GBX 480 ($6.63) target price for the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 530 ($7.32) target price on shares of Royal Mail in a report on Friday, February 2nd. Barclays dropped their target price on shares of Royal Mail from GBX 535 ($7.39) to GBX 485 ($6.70) and set an “overweight” rating for the company in a report on Friday, January 5th. Deutsche Bank increased their price target on shares of Royal Mail from GBX 359 ($4.96) to GBX 440 ($6.08) and gave the stock a “sell” rating in a research note on Friday, February 2nd. Finally, Liberum Capital increased their price target on shares of Royal Mail from GBX 395 ($5.46) to GBX 450 ($6.22) and gave the stock a “sell” rating in a research note on Friday, February 2nd. Five 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 an average rating of “Hold” and an average target price of GBX 445.38 ($6.15).
Shares of Royal Mail (LON RMG) opened at GBX 547 ($7.56) on Monday. The firm has a market cap of $5,510.00 and a PE ratio of 1,519.44. Royal Mail has a 1-year low of GBX 367.80 ($5.08) and a 1-year high of GBX 561.20 ($7.75).
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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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