Royal Mail (RMG) Price Target Cut to GBX 285 by Analysts at JPMorgan Chase & Co.
Royal Mail (LON:RMG) had its price target decreased by JPMorgan Chase & Co. from GBX 341 ($4.46) to GBX 285 ($3.72) in a research report sent to investors on Monday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on RMG. Liberum Capital restated a sell rating and issued a GBX 415 ($5.42) target price on shares of Royal Mail in a report on Tuesday, August 14th. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research note on Thursday, August 23rd. HSBC lifted their price target on shares of Royal Mail from GBX 550 ($7.19) to GBX 552 ($7.21) and gave the stock a buy rating in a research note on Tuesday, September 11th. Citigroup reiterated a sell rating and set a GBX 300 ($3.92) price target (down previously from GBX 485 ($6.34)) on shares of Royal Mail in a research note on Tuesday, October 2nd. Finally, Deutsche Bank dropped their price target on shares of Royal Mail from GBX 428 ($5.59) to GBX 300 ($3.92) and set a sell rating on the stock in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Royal Mail currently has a consensus rating of Hold and a consensus price target of GBX 375.21 ($4.90).
Shares of RMG stock opened at GBX 298.10 ($3.90) on Monday. Royal Mail has a 12-month low of GBX 367.80 ($4.81) and a 12-month high of GBX 575 ($7.51).
The firm also recently declared a dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Thursday, December 6th will be paid a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 2.29%. The ex-dividend date is Thursday, December 6th.
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.
Featured Article: Intrinsic Value and Stock Selection
Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.