Royal Mail PLC (LON:RMG)‘s stock had its “sell” rating reissued by investment analysts at Liberum Capital in a research note issued on Wednesday. They presently have a GBX 320 ($4.18) price objective on the stock. Liberum Capital’s price objective would indicate a potential downside of 36.38% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Barclays PLC reiterated an “overweight” rating and set a GBX 575 ($7.51) price target on shares of Royal Mail PLC in a research report on Monday, July 11th. Royal Bank Of Canada reduced their target price on Royal Mail PLC from GBX 540 ($7.05) to GBX 500 ($6.53) and set a “sector perform” rating for the company in a report on Friday, July 22nd. FinnCap reissued a “buy” rating and set a GBX 213 ($2.78) target price on shares of Royal Mail PLC in a report on Monday, July 4th. Beaufort Securities reissued a “buy” rating on shares of Royal Mail PLC in a report on Wednesday, July 20th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 435 ($5.68) target price on shares of Royal Mail PLC in a report on Wednesday, July 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 466 ($6.08).
Royal Mail PLC (LON:RMG) opened at 489.60 on Wednesday. The company’s 50-day moving average price is GBX 516.06 and its 200-day moving average price is GBX 502.62. The stock’s market cap is GBX 4.90 billion. Royal Mail PLC has a 12-month low of GBX 412.80 and a 12-month high of GBX 549.00.
In other Royal Mail PLC news, insider Lester,Matthew acquired 27,561 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was bought at an average cost of GBX 500 ($6.53) per share, for a total transaction of £137,805 ($179,878.61).
Royal Mail PLC Company Profile
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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