Royal Mail PLC (RMG) PT Lowered to GBX 580
Royal Mail PLC (LON:RMG) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from GBX 605 ($7.90) to GBX 580 ($7.57) in a note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 11.32% from the stock’s previous close.
Several other research firms also recently issued reports on RMG. Goldman Sachs Group Inc. downgraded shares of Royal Mail PLC to a “neutral” rating and set a GBX 568 ($7.41) price objective on the stock. in a report on Monday, June 27th. Citigroup Inc. reiterated a “neutral” rating on shares of Royal Mail PLC in a research report on Tuesday, May 24th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 435 ($5.68) target price on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Morgan Stanley reiterated an “underweight” rating on shares of Royal Mail PLC in a research report on Friday, July 1st. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 575 ($7.51) target price on shares of Royal Mail PLC in a research report on Wednesday, July 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Royal Mail PLC presently has an average rating of “Hold” and an average target price of GBX 466 ($6.08).
Shares of Royal Mail PLC (LON:RMG) opened at 523.50 on Tuesday. The firm has a 50-day moving average of GBX 515.42 and a 200 day moving average of GBX 500.82. Royal Mail PLC has a 52-week low of GBX 412.80 and a 52-week high of GBX 549.00. The stock’s market capitalization is GBX 5.23 billion.
In related news, insider Lester,Matthew bought 27,561 shares of the stock in a transaction on Friday, July 22nd. The stock was bought at an average price of GBX 500 ($6.53) per share, with a total value of £137,805 ($179,878.61). Also, insider Long,Peter James bought 50,000 shares of the stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 471 ($6.15) per share, with a total value of £235,500 ($307,401.12).
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. The UKPIL segment provides letter and parcel services to and from countries across the world under reciprocal arrangements with other overseas postal administrations.
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