Royal Mail (LON:RMG) had its price objective cut by Barclays from GBX 535 ($7.26) to GBX 485 ($6.58) in a research report report published on Friday morning. They currently have an overweight rating on the stock.
A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Royal Mail from GBX 535 ($7.26) to GBX 530 ($7.19) and set an overweight rating on the stock in a report on Tuesday, January 2nd. Liberum Capital reaffirmed a sell rating and set a GBX 370 ($5.02) price objective on shares of Royal Mail in a report on Thursday, December 7th. Jefferies Group reaffirmed an underperform rating and set a GBX 300 ($4.07) price objective on shares of Royal Mail in a report on Thursday, December 7th. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 445 ($6.03) price objective on shares of Royal Mail in a report on Tuesday, December 5th. Finally, Deutsche Bank lowered Royal Mail to a sell rating and dropped their price objective for the stock from GBX 450 ($6.10) to GBX 359 ($4.87) in a report on Friday, December 1st. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 424.92 ($5.76).
Royal Mail (LON RMG) opened at GBX 460.80 ($6.25) on Friday. Royal Mail has a twelve month low of GBX 367.80 ($4.99) and a twelve month high of GBX 461.12 ($6.25). The stock has a market capitalization of $4,580.00 and a P/E ratio of 1,280.00.
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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