Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities research analysts at Liberum Capital in a research report issued on Tuesday.
RMG has been the subject of several other research reports. Sanford C. Bernstein lifted their target price on shares of Royal Mail from GBX 540 ($6.89) to GBX 590 ($7.53) and gave the stock a “market perform” rating in a research note on Tuesday, May 22nd. Barclays reiterated an “overweight” rating and issued a GBX 605 ($7.72) target price on shares of Royal Mail in a research note on Wednesday, April 18th. Royal Bank of Canada upgraded shares of Royal Mail to a “sector performer” rating and set a GBX 500 ($6.38) target price for the company in a research note on Tuesday, June 26th. Credit Suisse Group lifted their target price on shares of Royal Mail from GBX 420 ($5.36) to GBX 450 ($5.74) and gave the stock an “underperform” rating in a research note on Friday, May 18th. Finally, Berenberg Bank downgraded shares of Royal Mail to a “sell” rating in a research note on Friday, May 25th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 478.92 ($6.11).
Shares of RMG stock opened at GBX 463.10 ($5.91) on Tuesday. Royal Mail has a 52 week low of GBX 367.80 ($4.69) and a 52 week high of GBX 575 ($7.34).
About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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