Royal Mail PLC (RMG) Now Covered by Berenberg Bank

Research analysts at Berenberg Bank began coverage on shares of Royal Mail PLC (LON:RMG) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating and a GBX 375 ($4.95) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 0.16% from the stock’s current price.

RMG has been the subject of a number of other reports. Jefferies Group LLC dropped their target price on Royal Mail PLC from GBX 350 ($4.62) to GBX 320 ($4.22) and set an “underperform” rating for the company in a report on Monday, September 18th. Liberum Capital reaffirmed a “sell” rating and set a GBX 385 ($5.08) price target on shares of Royal Mail PLC in a report on Wednesday, September 6th. HSBC Holdings plc raised Royal Mail PLC to a “buy” rating and dropped their price target for the company from GBX 475 ($6.27) to GBX 465 ($6.14) in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 550 ($7.26) price target on shares of Royal Mail PLC in a report on Thursday, July 20th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 535 ($7.06) price target on shares of Royal Mail PLC in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Royal Mail PLC has an average rating of “Hold” and a consensus target price of GBX 437.78 ($5.78).

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About Royal Mail PLC

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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