Royal Mail PLC (RMG) Receives GBX 386.46 Average PT from Brokerages
Royal Mail PLC (LON:RMG) has earned a consensus rating of “Sell” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 379.92 ($4.96).
A number of equities analysts have issued reports on RMG shares. HSBC increased their price objective on Royal Mail from GBX 550 ($7.19) to GBX 552 ($7.21) and gave the stock a “buy” rating in a report on Tuesday, September 11th. UBS Group reiterated a “neutral” rating and issued a GBX 354 ($4.63) price objective (down previously from GBX 528 ($6.90)) on shares of Royal Mail in a report on Monday, October 8th. Barclays decreased their price objective on Royal Mail from GBX 605 ($7.91) to GBX 410 ($5.36) and set an “overweight” rating for the company in a report on Wednesday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Royal Mail in a report on Monday, October 1st. Finally, Citigroup downgraded Royal Mail to a “sell” rating in a report on Friday, October 5th.
RMG traded down GBX 5.50 ($0.07) during trading on Friday, reaching GBX 344.40 ($4.50). The stock had a trading volume of 3,128,291 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 367.80 ($4.81) and a one year high of GBX 575 ($7.51).
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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