Royal Mail (LON:RMG) had its price objective lifted by investment analysts at Morgan Stanley from GBX 390 ($5.29) to GBX 410 ($5.56) in a research note issued to investors on Friday. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 11.51% from the stock’s previous close.
RMG has been the subject of a number of other reports. restated a “buy” rating and issued a GBX 465 ($6.31) price objective on shares of Royal Mail in a research note on Tuesday, October 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 530 ($7.19) price objective on shares of Royal Mail in a research note on Tuesday. Liberum Capital restated a “sell” rating and issued a GBX 370 ($5.02) price objective on shares of Royal Mail in a research note on Monday. Jefferies Group restated an “underperform” rating and issued a GBX 320 ($4.34) price objective on shares of Royal Mail in a research note on Thursday, November 9th. Finally, Credit Suisse Group cut shares of Royal Mail to an “underperform” rating and reduced their price objective for the stock from GBX 492 ($6.67) to GBX 325 ($4.41) in a research note on Tuesday, October 31st. Five analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 426.58 ($5.78).
Shares of Royal Mail (LON:RMG) opened at GBX 463.32 ($6.28) on Friday. Royal Mail has a one year low of GBX 367.80 ($4.99) and a one year high of GBX 467.60 ($6.34). The firm has a market cap of $4,630.00 and a price-to-earnings ratio of 1,287.00.
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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